The "webbification" of everything created a lot of demand for coders. Everyone should code! was the mantra, because business never had enough coders. So they hired a lot. Now, a new software tool (AI) can deliver bespoke code and debugging insights. Demand dips by 25%. Seems approximately accurate?
IMO, Programmers will still be needed, but the bar has risen. It happens in other industries, too.
The problem I worry about is what new jobs are being created, because I don't think are many. Maybe some new jobs focused on AI upkeep?
Hires: Professional and Business Services, FRED data, we're currently at 2008/2009 recession lows:
So, maybe this Stanford study is correct, but the meta-dynamic of seeing like 8 different articles summarizing the same thing is interesting for understanding how people come to believe something is true. "Everyone is saying" is now colloquially speaking true, in my current experience on HN, but really, only three people are saying and everyone else is repeating.
IMO, Programmers will still be needed, but the bar has risen. It happens in other industries, too.
The problem I worry about is what new jobs are being created, because I don't think are many. Maybe some new jobs focused on AI upkeep?
Hires: Professional and Business Services, FRED data, we're currently at 2008/2009 recession lows:
https://fred.stlouisfed.org/series/JTS540099HIR