But what if ultra-powerful ai develops super-humanoid robots, too? Material needs would almost certainly be met by machine hands. One might then expect humanity to give up on toil, much like in “Wall-E”. Indeed, in 1930 John Maynard Keynes, another economist, penned an essay entitled “Economic Possibilities for our Grandchildren”, in which he speculated that a century in the future people would work for less than 15 hours a week. The growth generated by technology would solve the “economic problem”, he predicted, and allow people to turn their attention to activities which are intrinsically pleasurable. Admittedly, Keynes’s 15-hour work week has not arrived—but higher levels of wealth, which reduce the benefit of working an additional hour, have cut working hours. The average number of hours worked a week in the rich world has fallen from around 60 in the late 20th century to under 40 today.
There are, nevertheless, some wants that perhaps only humans can satisfy even in a world of supercharged, embodied ai. It is also worth noting that what is intrinsically pleasurable may include work. Consider three areas where humans may still have a role: work that is blurred with play, play itself and work where humans retain some kind of an advantage.
Could an AI become your boss? Using economic principles, we predict what might happen if (or when) the technology becomes more capable than the most talented humans https://t.co/XaASCZMvBO
— The Economist (@TheEconomist) May 24, 2023