A three-day workweek? That’s what business leaders are predicting will be possible with rapid AI advancements. But what are the implications of such a shift, and how feasible is it in reality?
In a recent podcast interview, Bill Gates mused that AI breakthroughs could serve as the trigger for a three-day workweek. Gates puts forward that with the help of AI, it would be much easier for humans to make a living as the work they will engage in is far more efficient.
Additionally, Jamie Dimon, the CEO of JPMorgan Chase, predicts that an average person will be working three and a half days a week. Where these advances question the long-held standard of a five-day, 40-hour workweek, it says AI improvements may eventually change these traditional work schedules.
Background and Economic Factors
The history of working hours provides some clues on today’s predicament with AI-powered productivity. The 40-hour workweek standard was set in the early 20th century in partial response to forces of industrialization after the nullification of a 44-hour workweek, put into place due to greater mechanization of output, which did not require equivalent increases in output from human workers.
Such a transition was also accompanied by the demand from labor movements for reduced working hours and better working conditions. Productivity gains over time meant that the worker could spend time for leisure and personal activities, which is a rise in the quality of life. However, from an economic and competitive perspective, a five-day workweek with more productivity might be the preferred alternative.
The Rise of Digital Clones and Efficiency Gains
People are using digital “twins” or clones of themselves in the workforce to represent themselves and perform routine tasks in meetings, thus augmenting efficiency and productivity in many ways. These virtual representations accurately reproduce the looks and behavior of an individual. Digital clones offer a bunch of benefits to employers: they work tirelessly, enhance productivity by handling tasks, and allow human counterparts to focus on strategic roles.
These clones will be able to work 24/7, handle personalized sales, marketing, and skills training, and even represent humans in meetings or take care of mundane chores. This will probably improve the work-life balance that employees maintain as they choose to leave the workplace for an engagement that requires their physical presence.
Digital clones can be used to help employees focus on other strategic work, releasing them and, therefore, making it easier for business gains in terms of profits and productivity, giving them another reason why to perhaps reduce the workweek.
Societal Implications and Work-Life Dynamics
While a three-day workweek could become a feature of improved work-life balance, driven by productivity with AI enhancements, it might also have potential downsides with income inequality and job role adjustment.
A three-day workweek driven by AI-enhanced productivity could advance work-life balance, stimulate consumer spending in leisure industries, and reduce business overhead. It would change the practices of employment, necessitate the adjustment of job roles, and require updated worker skills.
While growth is potentially reached in boosting economic development, it probably only worsens income inequality and might indeed need policy revision for the sake of maintaining decent labor conditions and income security. On the other hand, if society chooses that other route and tries to cram seven days of work into a five-day working week, that can worsen some of the problems it already has, like burnout, income inequality, and environmental degradation because of increased production and consumption.
