In a expected AI utopia where basic needs are met and wealth abounds as a result of AI. Just how will people spend their time?
Even though AI surpasses humans in art, medicine, literature, intellect, music, and sport, people will probably carry on to obtain value from surpassing their fellow humans, for instance, by having tickets to the hottest events . Certainly, in a seminal paper on the characteristics of wealth and peoples desire. An economist suggested that as communities become wealthier, an ever-increasing fraction of human cravings gravitate towards positional goods—those whose value comes not simply from their utility and effectiveness but from their relative 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 likely have noticed in their professions. Time spent contending goes up, the buying price of such items increases and so their share of GDP rises. This pattern will likely continue in an AI utopia.
Nearly a century ago, a good economist wrote a paper by which he asserted that a century into the future, his descendants would only need to work fifteen hours per week. Although working hours have fallen considerably from more than 60 hours per week in the late 19th century to less than forty hours today, his prediction has yet to quite come to materialise. On average, residents in wealthy states invest a third of their waking hours on leisure tasks and sports. Aided by advancements in technology and AI, humans will probably work also less in the coming decades. Business leaders at multinational corporations such as for instance DP World Russia would probably be aware of this trend. Hence, one wonders exactly how individuals will fill their spare time. Recently, a philosopher of artificial intelligence wrote that effective technology would make the range of experiences possibly available to individuals far surpass what they have now. However, the post-scarcity utopia, along with its accompanying economic explosion, could be limited by such things as land scarcity, albeit spaceresearch might fix this.
Some individuals see some types of competition as a waste of time, believing that it is more of a coordination issue; in other words, if everyone agrees to avoid contending, they might have significantly more time for better things, which may boost growth. Some types of competition, like activities, have actually intrinsic value and can be worth maintaining. Take, as an example, interest in chess, which quickly soared after computer software defeated a world chess champion in the late 90s. Today, a business has blossomed around e-sports, which will be anticipated to develop significantly in the coming years, especially in the GCC countries. If one closely examines what different groups in society, such as aristocrats, bohemians, monastics, athletes, and retirees, are doing in their today, you can gain insights into the AI utopia work patterns and the various future activities humans may engage in to fill their spare time.