Nostr Web Client

#[0] Listening to your podcast BTC127. Great stuff as always, but I’d like to push back in the AI-destroys-jobs prediction.

If demand for programming was static, yes, we would expect supply expansion to push down price. But my counter-claim would be that demand is not static.

All programming is an act of automation. It makes rapid what would otherwise be drudgery. But it seems that no matter how much automation exists, yet more demand surfaces.

Like innovations before it, AI will make automation more abundant. But the well of demand for automation appears to be bottomless.

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Discussion

symbsrcool 2y ago

I’ve been thinking along the same lines. I think there are many apps that don’t exist it because someone hasn’t made them yet, not because it’s not possible. Companies and teams have to cut many feature ideas because there isn’t enough dev work.

jimbocoin 🃏 2y ago

Exactly. We have not plumbed the depths of demand for functionality. All historical indications would point in the direction of there being no end to that demand.

The onus is on anyone claiming that AI will exhaust the demand to show why this time is different.

Shire 2y ago

Counterpoint: what if they automate the creation of automations?

Counterpoint to that counterpoint: only humans know what automations they value.

jimbocoin 🃏 2y ago

People often fall into the trap of thinking that the visible artifact (code) is the value. But this is an illusion.

Code is not the good itself. In economic terms, code is a “bad”.

Code is the thing you tolerate because it enables the good—functionality. And all signs indicate that the demand for functionality is unbounded, no matter how it happens to be generated.