I wonder how these CEOs view the world, they are pushing on a product which is gonna kill every single tech derivative in it's own industry. Microsoft, Google, AWS, Vercel, Replit, they all feed back from selling the products their devs design, to other devs or companies. They will be poping the bubble
Now, if 80-90% of devs and startups are gonna be wiped in this context, the same applies to those one in the middle, accountants, data analysts, business analysts, lawyers. Now they can eat the entire cake without sharing it with the human beings who contributed over the years.
I can see the regulations coming, if the layoffs start happening fast enough and households income start to deteriorate. Why? probably because this time is gonna impact every single human being you know, and it is better to keep people employed and with a purpose in life than having to tax the shit out of these companies in order to give back the margin of profit that had some mechanism of incentives and effort in the first place.
> If 80-90% of devs and startups are gonna be wiped in this context
This is not a very charitable assessment of the adaptability of devs and startups, nevermind that of humans in general. We've been adapting to technological change for centuries. What reason do you have to believe this time will be any different?
Humans can adapt just fine. Capitalism however not. What do you think happens if AI keeps improving at this speed and within a few years millions to tens of millions of people are out of a job?
Now, if 80-90% of devs and startups are gonna be wiped in this context, the same applies to those one in the middle, accountants, data analysts, business analysts, lawyers. Now they can eat the entire cake without sharing it with the human beings who contributed over the years.
I can see the regulations coming, if the layoffs start happening fast enough and households income start to deteriorate. Why? probably because this time is gonna impact every single human being you know, and it is better to keep people employed and with a purpose in life than having to tax the shit out of these companies in order to give back the margin of profit that had some mechanism of incentives and effort in the first place.