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Well I will doubt the supply side. I think it's a simpler assertion, because I know so few nerds.

I think if you live in silicon valley, you have a distorted view of how many people can build software.

I grew up in the mid-south and know of literally one or two other people that code.

I know live in a major metro area and still only know maybe 3 people that code. It is actually a rare skill.

At the same time, I can't even count how many contractors, real estate agents, sales and marketing, and doctors and lawyers that I know.

everyone from high school is a real estate agent

Global dev population is 20M. If the global workforce is 4B people, that's 5 per thousand. Not much indeed.