In a expected AI utopia where fundamental requirements are met and wealth abounds because of AI. Exactly how will individuals spend their time?
Even when AI surpasses humans in art, medicine, literature, intelligence, music, and sport, people will likely carry on to acquire value from surpassing their fellow humans, for example, by having tickets to the hottest events . Indeed, in a seminal paper on the dynamics of wealth and individual desire. An economist suggested that as communities become wealthier, an ever-increasing fraction of individual cravings gravitate towards positional goods—those whose value comes from not simply from their energy 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 would likely have noticed in their careers. Time invested contending goes up, the cost of such items increases and therefore their share of GDP rises. This pattern will likely continue in an AI utopia.
Some people see some types of competition as a waste of time, thinking that it is more of a coordination issue; that is to say, if every person agrees to avoid competing, they would have significantly more time for better things, which may improve growth. Some types of competition, like recreations, have actually intrinsic value and can be worth keeping. Take, for 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 various groups in society, such as aristocrats, bohemians, monastics, sports athletes, and retirees, are doing in their today, one could gain insights into the AI utopia work patterns and the many future tasks humans may participate in to fill their time.
Almost a century ago, a good economist published a paper in which he contended that a century into the future, his descendants would only have to work fifteen hours per week. Although working hours have dropped dramatically from significantly more than 60 hours per week in the late nineteenth century to fewer than forty hours today, his prediction has yet to quite come to materialise. On average, residents in wealthy states spend a 3rd of their waking hours on leisure activities and recreations. Aided by advancements in technology and AI, humans will likely work even less within the coming decades. Business leaders at multinational corporations such as DP World Russia may likely be aware of this trend. Hence, one wonders exactly how individuals will fill their free time. Recently, a philosopher of artificial intelligence surmised that powerful tech would result in the array of experiences potentially available to individuals far surpass what they have now. Nonetheless, the post-scarcity utopia, with its accompanying economic explosion, may be inhabited by things like land scarcity, albeit spaceexploration might fix this.