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I'm with you except that the economy will crash when it turns out everyone stopped creating real value. ...and in the mean time every real product I have to use is getting worse.

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I think we're way past this point tbh, software development is just the latest area that's being "bullshittified" ;)

(also let's be honest, building yet another CRUD app - eg what 99% of software devs actually do, is not "creating value" - with or without AI)

Where they created value wasn't just the CRUD app but developing their skills, supporting communities that asked and answered questions to build public knowledgebases. They adapted to painfully repetitive tasks by developing tools that made expressing common ideas simple. In losing the pain of repetition, we lost the incentive towards abstraction. The forces in opposite directions cancelled out, creating growth for AI companies but overall stagnation due to the immense amount of value lost because before AI there was never a dollar value put on it.

No one put a dollar amount on stagnation?

On the lack thereof

No one put a dollar amount on [the lack of] stagnation?

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