Wouldn't it be uncharitable to assume that the commenter is totally selfish and short-sighted? :p
It may be a cliche, but it's all connected. In a general sense, programmers at different experience levels are at least partially substitutable goods. A crash in wages on one group will probably affect that other.
In a more specific sense, companies won't pay seniors for skills at mentoring and managing the juniors they won't have.
Longer term this kind of stupidity will destroy the economy from both ends.
Unless there's an unexpected jump in AI IQ, vibe-coded projects will start to unravel, but the companies won't have the resources to hire the human coders needed to fix the code.
Meanwhile a lot of people with real skills and ability will have been unemployed long enough to depress spending across the entire economy.
Those same people would have been prime drivers of spending, because they were one of the few demographics with significant disposable income and the ability to afford high rents and property prices.
You can see where this is going.
The people running the companies can't. Or if they can, they maybe believe they have an escape route.
That will turn out to be a fantasy too.
The problem isn't AI. it's an economy running on fantasy numbers that are unmoored from economic and physical reality.
Why would their rent payment be affected in any way? They aren't a junior
Wouldn't it be uncharitable to assume that the commenter is totally selfish and short-sighted? :p
It may be a cliche, but it's all connected. In a general sense, programmers at different experience levels are at least partially substitutable goods. A crash in wages on one group will probably affect that other.
In a more specific sense, companies won't pay seniors for skills at mentoring and managing the juniors they won't have.
Longer term this kind of stupidity will destroy the economy from both ends.
Unless there's an unexpected jump in AI IQ, vibe-coded projects will start to unravel, but the companies won't have the resources to hire the human coders needed to fix the code.
Meanwhile a lot of people with real skills and ability will have been unemployed long enough to depress spending across the entire economy.
Those same people would have been prime drivers of spending, because they were one of the few demographics with significant disposable income and the ability to afford high rents and property prices.
You can see where this is going.
The people running the companies can't. Or if they can, they maybe believe they have an escape route.
That will turn out to be a fantasy too.
The problem isn't AI. it's an economy running on fantasy numbers that are unmoored from economic and physical reality.