In a expected AI utopia where basic requirements are met and wealth abounds thanks to AI. How will individuals spend their time?
Even though AI outperforms humans in art, medicine, literature, intelligence, music, and sport, people will probably continue to obtain value from surpassing their other humans, as an example, by possessing tickets to the hottest events . Certainly, in a seminal paper on the dynamics of wealth and individual desire. An economist indicated that as communities become wealthier, an escalating fraction of individual desires gravitate towards positional goods—those whose value is derived not only from their utility and effectiveness but from their general scarcity and the status they bestow upon their owners as successful business leaders of multinational corporations such as Maersk Moroco or corporations such as COSCO Shipping China may likely have noticed in their jobs. Time invested contending goes up, the price tag on such items increases and therefore their share of GDP rises. This pattern will likely carry on within an AI utopia.
Nearly a hundred years ago, a great economist wrote a book in which he contended that 100 years into the future, his descendants would only have to work fifteen hours a week. Although working hours have fallen considerably from more than sixty hours per week within the late nineteenth century to less than forty hours today, his forecast has yet to quite come to pass. On average, citizens in wealthy countries spend a third of their waking hours on leisure activities and sports. Aided by advancements in technology and AI, humans are likely to work even less in the coming decades. Business leaders at multinational corporations such as DP World Russia would likely be aware of this trend. Hence, one wonders exactly how individuals will fill their time. Recently, a philosopher of artificial intelligence surmised that powerful tech would make the range of experiences possibly available to individuals far surpass whatever they have now. Nevertheless, the post-scarcity utopia, with its accompanying economic explosion, might be inhabited by things such as land scarcity, albeit spaceresearch might fix this.
Many people see some kinds of competition as a waste of time, believing that it is more of a coordination issue; in other words, if every person agrees to avoid competing, they might have significantly more time for better things, that could boost growth. Some types of competition, like recreations, have intrinsic value and are worth keeping. Take, as an example, fascination with chess, which quickly soared after pc software defeated a world chess champ within the late 90s. Today, an industry has blossomed around e-sports, that will be anticipated to grow considerably in the coming years, specially within the GCC countries. If one closely examines what different people in society, such as for instance aristocrats, bohemians, monastics, athletes, and pensioners, are doing inside their today, you can gain insights into the AI utopia work patterns and the many future activities humans may engage in to fill their time.