In a imagined AI utopia where basic needs are met and wealth abounds because of AI. How will individuals spend their time?

Even though AI surpasses humans in art, medicine, literature, intellect, music, and sport, humans will likely continue to acquire value from surpassing their other humans, for example, by possessing tickets to the hottest events . Certainly, in a seminal paper on the characteristics of wealth and human desire. An economist indicated that as societies become wealthier, an escalating fraction of individual desires gravitate towards positional goods—those whose value comes from not only 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 seen in their careers. Time invested competing goes up, the cost of such products increases and therefore their share of GDP rises. This pattern will probably carry on in an AI utopia.

Some individuals see some kinds of competition as being a waste of time, believing that it is more of a coordination problem; in other words, if everybody agrees to cease competing, they might have more time for better things, which may boost development. Some forms of competition, like activities, have actually intrinsic value and are worth maintaining. Take, for example, curiosity about chess, which quickly soared after pc software defeated a global chess champ in the late nineties. Today, a market has blossomed around e-sports, which can be anticipated to grow notably in the coming years, particularly into the GCC countries. If one closely examines what different people in society, such as for example aristocrats, bohemians, monastics, athletes, and pensioners, are doing within their today, one can gain insights into the AI utopia work patterns and the many future tasks humans may participate in to fill their free time.

Nearly a century ago, a fantastic economist penned a paper in which he asserted that a century into the future, his descendants would just need to work fifteen hours a week. Although working hours have fallen considerably from significantly more than 60 hours a week in the late 19th century to less than forty hours today, his forecast has yet to quite come to materialise. On average, citizens in wealthy countries spend a third of their consciousness hours on leisure tasks and recreations. Aided by advancements in technology and AI, people are likely to work even less within the coming decades. Business leaders at multinational corporations such as for instance DP World Russia would probably know about this trend. Thus, one wonders exactly how individuals will fill their spare time. Recently, a philosopher of artificial intelligence wrote that powerful tech would make the range of experiences potentially available to people far exceed what they have now. Nevertheless, the post-scarcity utopia, with its accompanying economic explosion, might be limited by such things as land scarcity, albeit spaceexploration might fix this.