- I expect developer productivity to go up 1.5x - 15x over the next several years assuming GTP-4 based tooling is integrated into IDEs.
- There will be two opposing forces acting on developer wages. First, developers will be more productive, therefore the price of one hour of work should go up. But - the supply of developer output will increase as well, which would push price per "line of code" or per "unit of developer output" down. So the big unknown is the demand curve.
- There will be a temporary boost in demand for developer work connected with the transition to this new technology. Big corporations will want to upgrade their systems to automate consumer support, startups will make new tools for AI-generated graphics, etc.
- We can also study the effects of technology-driven increases in worker productivity by looking into history. Developer productivity has always been going up - thanks to stackoverflow.com, better languages, better IDEs, more and better libraries, etc. There's also a greater supply of developers (e.g. India). Didn't change the job market too much. One should not draw strong conclusions from this though, it's a very superficial analysis. On the other hand, people working in agriculture have become much more effective, which lead to much fewer people working in agriculture, maybe because people need to eat as much calories per day as they did 100 years ago.
- My base case, based on the assumption that GPT-4 will not improve dramatically, is that developer wages will stay roughly constant. But there's a lot of uncertainty in this conclusion and in the assumption.