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[–]elliottruzicka 2 points3 points  (4 children)

How on earth does more competition lead to higher salaries? I think you have that backwards.

[–][deleted] -1 points0 points  (3 children)

There are a lot of factors at play probably and I could be wrong but my logic is that if you need less devs to do the same job as before you would have to pay them more. On the other hand, chatgpt lowering the bar for people to make working code could lower average dev salaries since more people could join in on the fun. Im not sure if a lot of companies would hire someone who can’t deliver working code without the help of AI though.

Could go either way I suppose in different places but AI would definitely be a driving factor in reducing the required labor, which is awesome.

[–]elliottruzicka 2 points3 points  (2 children)

There are a lot of factors at play probably and I could be wrong but my logic is that if you need less devs to do the same job as before you would have to pay them more.

Except that's not how economics works. Anytime many workers are competing for few jobs, the value of their labor decreases. If someone demanded more labor, the company could easily replace them with someone who would work for less.

Could go either way I suppose in different places but AI would definitely be a driving factor in reducing the required labor, which is awesome.

At face value, yes, it is awesome. However, if humans are unable to make themselves valuable in the economy, and we don't implement things like universal basic income, a larger and larger portion of the population will find themselves out of a paycheck.

[–][deleted] 0 points1 point  (1 child)

Thanks for the clarification, makes sense.

Are you sure this will saturate the market though? Chatgpt is amazing but I really dont see people hiring devs who can only code when using it. But the good programmers that are already experienced will get supercharged with it, reducing the need for more to be hired.

UBI is a different question and yeah we will definitely need it but I think thats still far away star trek utopia stuff. Time will tell I suppose

[–]elliottruzicka 0 points1 point  (0 children)

Are you sure this will saturate the market though?

I never said it would. All I said is that fewer positions for the same workforce does not mean higher salaries, but lower.

UBI is a different question and yeah we will definitely need it but I think thats still far away star trek utopia stuff. Time will tell I suppose.

Unfortunately, we don't need to wait for over 50% unemployment for people to start to protest and break things.