Will AI lead to a four-day workweek, reduce office hours?

Will AI lead to a four-day workweek, reduce office hours?

These days, everybody appears to be afraid of Artificial Intelligence.
From Joe Biden freaking out after seeing the newest Mission Impossible film to a faction of the OpenAI board involved about placing humanity at risk and folks generally worrying that their jobs might quickly be out of date.
But others assume AI will probably be of assist to humanity.
Related Articles US, Britain, different nations signal settlement to make AI bots ‘safe by design’Racist AI: Image Generator Stable Diffusion laced with racial, gendered stereotypes, finds studyLike this new report which says that AI might quickly make a four-day workweek potential – and for no lower in pay.
Let’s take a nearer look:
What does the report say?
The examine was printed on Monday by the Autonomy marketing campaign group by Luiz Garcia, Lukas Kikuchi and Will Stronge.
The examine, entitled GPT-4 (Day Week): Great Britain Edition, seems to be on the influence AI – that’s giant language fashions (LLMs) –might have on lives and livelihoods within the United Kingdom.
As per Computer Weekly, the paper says AI, if ‘used correctly’, might enable practically 9 million individuals within the UK to get pleasure from a four-day workweek by 2033.
Meanwhile, one other 28 million might discover their work hours decreased by 10 per cent by the identical interval.
The 9 million individuals comprise round 28 per cent of the UK’s labour drive, whereas the 28 million account for round 88 per cent of staff.
As per The Independent, the examine used knowledge concerning the inhabitants and workforce in addition to a synthetic intelligence publicity index – which examines how totally different jobs can be affected by AI – and a prediction about productiveness.
As per Euro News, Autonomy based mostly its predictions on the 1.5 per cent annual productiveness profit from AI given not too long ago by Goldman Sachs.
It additionally used info from  the US Department of Labor’s Occupational Information Network (O*NET).
It simulated two conditions:

AI decreasing working hours by 20 per cent with out affecting staff’ pay
Examining the variety of staff that AI might improve the productiveness of whereas sustaining their wages and decreasing their workweek by 10 per cent.

Will Stronge, director of Research at Autonomy, mentioned on its web site, “Our analysis presents a contemporary perspective in debates round how AI could be utilised for good. A shorter working week is essentially the most tangible means of guaranteeing that AI delivers advantages to staff in addition to firms. If AI is to be applied pretty throughout the economic system, it ought to usher in a new period of four-day working weeks for all.”
The examine steered four-day workweeks might be applied within the following locations by 2023:

London
Wokingham
Elmbridge
Wandsworth
St Albans
Westminster

London alone would see 89 per cent of its labour witness a 10 per cent lower in working hours.
Thirty-three per cent of staff – 1.5 million by 2033 – might discover themselves working for 20 per cent much less time thanks to AI growing productiveness by 20 per cent.
As per The Independent, that is due to London and its surrounding areas having a excessive variety of white-collar jobs.
As per The Independent, the roles more than likely to see a lower in working days and dealing hours are legal professionals, monetary managers, customer support representatives, office and normal clerks, accountants and auditors, funding fund managers, first-line supervisors of office and administrative help staff, administration analysts, market analysis analysts and advertising and marketing specialists.
The new report says that AI might quickly make a four-day workweek potential – and for no lower in pay.
Sales representatives of companies, besides promoting, insurance coverage, monetary companies and journey, bookkeeping, accounting and auditing clerks, normal and operations managers, search advertising and marketing strategists, treasurers and controllers, receptionists and data clerks, human sources specialists, in addition to major faculty academics, besides particular schooling, and secondary faculty academics, besides particular and profession/technical schooling additionally make the reduce.
Will Stronge, director of Research at Autonomy, mentioned on its web site, “Our analysis presents a contemporary perspective in debates round how AI could be utilised for good. A shorter working week is essentially the most tangible means of guaranteeing that AI delivers advantages to staff in addition to firms. If AI is to be applied pretty throughout the economic system, it ought to usher in a new period of four-day working weeks for all.”
“Such a coverage presents the potential for avoiding mass unemployment (and all of the social and political results of this), decreasing widespread psychological well being diseases in addition to bodily illnesses related to overwork and creating vital further free time for democracy, leisure consumption and social cohesion generally,” the examine mentioned.
“In the case of the UK – the place work-related stress, anxiousness and despair represent one of the crucial vital labour market points in the present day – these wellbeing components can’t be emphasised sufficient when it comes to the productiveness query. Thus, we are able to anticipate a nice deal of additional productivity-enhancing unwanted side effects of the shorter work week, outdoors of the AI-augmentations we’ve got modelled.”
“The report thus recommends that private and non-private sector employers benefit from this vital alternative, to develop into world leaders within the take up of office AI in addition to enhance the lives of properly over practically thirty million individuals,” the examine concluded.
As per The Guardian, Autonomy did a comparable examine within the US.
That analysis concluded that round 35 million Americans might additionally get pleasure from a four-day week by 2033.
It said that round 128 million staff, 71 per cent of the workforce, might see their working hours lower 10 per cent.
In Massachusetts, Utah and Washington, a minimum of a fourth of staff might have four-day weeks.
The newspaper quoted Stronge as saying, “Too many research of AI, giant language fashions, and so forth, solely concentrate on both profitability or a jobs apocalypse. This examine tries to present that when the expertise is deployed to its full potential, however the objective of the expertise is shifted, it cannot solely enhance work practices, but in addition enhance work-life steadiness.”
“What I believe can be actually spectacular can be a sturdy AI industrial technique, with automation hubs the place commerce unions, trade and consultants on this tech get collectively to say: ‘We’re going to increase productiveness, and that is additionally going to be one thing which delivers for the employees,’” Stronge added.
However, sceptics abound.
As per Computer Weekly, the Ada Lovelace Institute in October famous that the advantages of LLMs had been “unproven and stay speculative.”
It additionally highlighted the hazards round points plaguing AI corresponding to prejudice and racism and knowledge leaks.
It additionally famous that the general public sector would love undertake LLMs just because they’re new as an alternative of being the reply to humanity’s issues.
With inputs from businesses

https://www.firstpost.com/explainers/will-ai-lead-to-a-four-day-workweek-reduce-office-hours-13414542.html

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