Software developers on HN are saying the same thing. I don't see much evidence that AI has changed the game such that it would cause the work to dry up, though. In fact, I am surprised it hasn't created more work exploring the possibilities of new AI APIs.
But when you can get 5% returns just by sticking your money in the bank, why would you bother investing in software, where 99¢ is considered an exorbitant cost by its customers? That is no doubt why all of these creative industries are on the decline. There is, generally speaking, no money to be made.
I think software devs on here are conflating AI with a hidden recession and other economic factors causing a slump in tech. I still can’t find a single thing that AI could reasonably replace about my job even if I was a junior developer. As a senior engineer using LLM tooling, it offers some benefits, but it’s still nowhere near “job stealing” capabilities.
There's a new fallacy, where AI is dismissed if it "can't replace" a human completely. AI is more like an augmentation tool, that allows fewer people to create work faster by effectively outsourcing the grunt work.
Better tools like Copilot and ChatGPT reduce the amount of time it takes to deliver a feature, reducing the need to horizontally scale developers.
Why hire 10 when 3 could do the same work with AI tooling?
I think while tech is obviously contracting post-COVID from overhiring, it's also true that you just don't need as many people anymore.
But when you can get 5% returns just by sticking your money in the bank, why would you bother investing in software, where 99¢ is considered an exorbitant cost by its customers? That is no doubt why all of these creative industries are on the decline. There is, generally speaking, no money to be made.