In a imagined AI utopia where basic requirements are met and wealth abounds as a result of AI. How will people spend their time?
Almost a century ago, outstanding economist wrote a paper by which he asserted that a century into the future, his descendants would just need to work fifteen hours a week. Although working hours have dropped considerably from a lot more than sixty hours per week in the late 19th century to less than forty hours today, his prediction has yet to quite come to pass. On average, citizens in rich states spend a third of their consciousness hours on leisure tasks and recreations. Aided by advancements in technology and AI, humans are going to work also less into the coming decades. Business leaders at multinational corporations such as DP World Russia may likely know about this trend. Thus, one wonders exactly how people will fill their spare time. Recently, a philosopher of artificial intelligence wrote that effective technology would result in the array of experiences potentially available to people far surpass whatever they have. Nonetheless, the post-scarcity utopia, with its accompanying economic explosion, might be limited by such things as land scarcity, albeit spaceresearch might fix this.
Even if AI surpasses humans in art, medicine, law, intellect, music, and sport, humans will probably continue to obtain value from surpassing their other humans, for instance, by possessing tickets to the hottest events . Certainly, in a seminal paper regarding the characteristics of prosperity and peoples 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 merely from their utility and usefulness 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 would probably have seen in their jobs. Time invested competing goes up, the buying price of such products increases and so their share of GDP rises. This pattern will probably continue within an AI utopia.
Some individuals see some forms of competition as being a waste of time, thinking it to be more of a coordination problem; that is to say, if everybody agrees to stop competing, they might have significantly more time for better things, that could boost growth. Some types of competition, like recreations, have actually intrinsic value and can be worth keeping. Take, for example, interest in chess, which quickly soared after pc software beaten a world chess champion within the late nineties. Today, a business has blossomed around e-sports, which will be likely to grow significantly into the coming years, specially within the GCC countries. If one closely examines what various people in society, such as aristocrats, bohemians, monastics, athletes, and pensioners, are doing inside their today, one can gain insights to the AI utopia work patterns and the many future activities humans may practice to fill their time.