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So, is AI coming for the programmer jobs? There's a news story in my country about Microsoft seeking redundancies globally which probably means chopping jobs here as well, and one paragraph mentions AI:
Granted, that seems to be trimming jobs across management and admin rather than software engineers, but the little nugget about "up to a third of programming is now done by AI" does seem to be a straw in the wind. Yes? No? Just means they're not hiring new junior staff?
Almost all of these employees laid off employees will be replaced by H1-Bs (Microsoft put in for over 6000 the first two quarters this year) as well as previously announced hiring in India.
I’m not sure where AI comes in but they certainly aren’t replacing their laid-off workers with AI unless AI stands for “another Indian”.
Doing a similar standard of job for 30% of the price, or even doing the same job to an 80% standard for 30% of the price for almost all jobs is a very valid component to the merits of an individual for a job. Microsoft choosing to recognise and reward this doesn't reflect badly on either them or the person doing the job for cheap, the only person to boo here is the person who wants to extract economic rents by artificially restricting competition.
Given that the 30% wages essentially work due to relative purchasing power and / or arbitrage between a Third World childhood and a First World adulthood, isn’t this global laissez faire approach basically poison for long-term economic growth?
If it becomes widely accepted that economic growth means an increased quality of life here and now, but that the window of opportunity only lasts maybe 1.5 generations before your (grand)children are priced out of the global market, that seems to make growth and laissez faire economics a much tougher sell.
I’m not convinced that most people make decisions on that timescale.
It’s the kind of sentiment that convinced communists the world revolution was coming any…minute…now.
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