- people seeking jobs often dont have disposable income especially those fresh out of school or minimal YOE
- tremendous time and energy for a low probability outcome
- many do not have the aptitude for running a business which require a high degree of planning and execution, soft skills
I know this is a startup focused website so its natural to suggest go out and build an app or raise money but the selection/survival bias is often not considered.
The vast majority of people will either need to switch careers or industries altogether. The fact is LLM code generation has eaten those junior/intermediate roles and soon the same will happen to senior developers as well.
What we are seeing is the same thing blue collar jobs experienced in the 90s where their jobs were outsourced/automated to labour markets in authoritarian countries except this time its outsourcing to a small group of corporations.