So far, for any given automation, each actor gets to cut their own costs to their benefit — and if they do this smarter than anyone else, they win the market for a bit.
Every day the turkey lives, they get a bit more evidence the farmer is an endless source of free food that only wants the best for them.
It's easy to fool oneself that the economics are eternal with reference to e.g. Jevons paradox.
When you consider how this interacts with the population collapse (which is inevitable now everywhere outside of some African countries) this seems even worse. In 20 years, we will have far fewer people under age 60 than we have now, and among that smaller cohort, the percentage of people at any given age who have useful levels of experience will be less because they may not be able to even begin meaningful careers.
Best case scenario, people who have gotten 5 or more years of experience by now (college grads of 2020) may scrape by indefinitely. They'll be about 47 then and have no one to hire that's more qualified than AI. Not necessarily because AI is so great; rather, how will there be someone with 20 years of experience when we simply don't hire any junior people this year?
Worst case, AI overtakes the Class of 2020 and moves up the experience-equivalence ladder faster than 1 year per year, so it starts taking out the classes of 2015, 2010, etc.
This is my bet. Similar to Moores law. Where it plateaus is anybody’s guess…
Ironically a friend of mine noticed that the team in India they work with is now largely pushing AI-generated code... At that point you just need management to cut out the middleman.
Management will cut down your team’s headcount and outsource even more to India ,Vietnam and Philippines.
A CFO looks at balance sheet not operations context, even if you’re idea is better the opposite of what you think is likely going to happen very soon.
We've already eliminated certain junior level domains essentially by design. There aren't any 'barber-surgeons' with only two years of training for good reason. Instead we have surgery integrated it into a more lengthy and complicated educational path to become what we now would consider a 'proper' surgeon.
I think the answer is that if the 'junior' is uneconomical or otherwise unacceptable be prepared to pay more for the alternative, one way or another.
Caveat that this is anecdotal, not sure if there are numbers on this.
If there's a shortage, in the free market, humans will retrain.
That said, the first thing that jumps to my mind is cars. Back when they were first introduced you had to be a mechanically inclined person to own one and deal with it. Today, people just buy them and hire the very small number of experts (relative to the population of drivers) to deal with any issues. Same with smartphones. The majority of users have no idea how they really work. If it stop working they seek out an expert.
ATM, AI just seems like another level of that. JS/Python programmers don't need to know bits and bytes and memory allocation. Vibe coders won't need to know what JS/Python programmers need to know.
Maybe there won't be enough experts to keep it all going though.
Had to look that up: https://en.wikipedia.org/wiki/Turkey_illusion
This category is expansive enough to make fools of almost everyone on hn.