653 karma · joined July 31, 2024
Turns out a bunch of those people are actually lemons, so they run a bunch of unprofitable startups.
There's two things going on:
1. Long term risky bets that could pay off massive
2. Who is the person they choose to try and execute on the above
Eventually for some of these companies something clicks, and they do get to something of a valuable company.
This is what ZIRP was.
Alot of people dont know that investors are okay with this, they have 20 Million to push into a company, and figure that something might pop out.
Again, there are more variables you need to normalize by, but this idea that facial symmetry is not an indicator of many other vectors of human performance and health is a psyop by modern society
It's natural that software in this space will evolve quickly, but that's not a proper argument for writing everything on your own.
1. Vest valuable equity
2. Hope the powers that be let you cash out said equity
In the past, tech got away with the above because capital meant if you hired enough people, you ended up with something valuable. But AI levels the playing field, reducing the value of capital and increasing the value of the individual contributor.
As an enterprising software engineer, its never been easier to strike out on your own. I do agree with you on that
Also people are not looking at the math of it. If 40% of software engineering gets automated, thats a massive reduction in demand, and with the glut of engineers on the market, will crater salaries. It doesnt all need to be automated for it to basically crush SWE as a good career
AI changes the type of labor required to produce working software, which will result in a downward shift in wages