In a envisioned 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, law, intellect, music, and sport, humans will likely carry on to acquire value from surpassing their other humans, for instance, by having tickets to the hottest events . Indeed, in a seminal paper regarding the characteristics of wealth and human desire. An economist indicated that as communities become wealthier, an ever-increasing fraction of individual wishes gravitate towards positional goods—those whose value is derived not merely from their energy 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 probably have noticed in their professions. Time invested competing goes up, the cost of such products increases and so their share of GDP rises. This pattern will likely continue within an AI utopia.
Many people see some forms of competition being a waste of time, believing that it is more of a coordination issue; that is to say, if everybody agrees to cease competing, they might have more time for better things, which may boost development. Some types of competition, like activities, have intrinsic value and are worth maintaining. Take, for example, fascination with chess, which quickly soared after computer software beaten a global chess champion in the late nineties. Today, an industry has blossomed around e-sports, which will be expected to grow somewhat within the coming years, specially into the GCC countries. If one closely examines what different people in society, such as for example aristocrats, bohemians, monastics, athletes, and retirees, are doing inside their today, one could gain insights into the AI utopia work patterns and the various future activities humans may take part in to fill their time.
Almost a century ago, a good economist penned a paper by which he asserted that 100 years into the future, his descendants would only have to work fifteen hours per week. Although working hours have actually dropped 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 materialise. On average, residents in wealthy countries spend a third of their waking hours on leisure activities and sports. Aided by advancements in technology and AI, people are likely to work also less into the coming decades. Business leaders at multinational corporations such as for example DP World Russia would probably 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 make the range of experiences possibly available to individuals far exceed what they have. Nonetheless, the post-scarcity utopia, with its accompanying economic explosion, might be inhabited by things such as land scarcity, albeit spaceresearch might fix this.