The old shrinking markets aka lump of labour fallacy. It's a bit like dreaming of that mythical day, when all of the work will be done.

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cogman10 18 hours ago | parent [-]

No it's not that.

Tell me, when was the last time you visited your shoe cobbler? How about your travel agent? Have you chatted with your phone operator recently?

The lump labour fallacy says it's a fallacy that automation reduces the net amount of human labor, importantly, across all industries. It does not say that automation won't eliminate or reduce jobs in specific industries.

It's an argument that jobs lost to automation aren't a big deal because there's always work somewhere else but not necessarily in the job that was automated away.

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imiric 17 hours ago | parent [-]

Jobs are replaced when new technology is able to produce an equivalent or better product that meets the demand, cheaper, faster, more reliably, etc. There is no evidence that the current generation of "AI" tools can do that for software.

There is a whole lot of marketing propping up the valuations of "AI" companies, a large influx of new users pumping out supremely shoddy software, and a split in a minority of users who either report a boost in productivity or little to no practical benefits from using these tools. The result of all this momentum is arguably net negative for the industry and the world.

This is in no way comparable to changes in the footwear, travel, and telecom industries.

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danny_codes 14 hours ago | parent [-]

I was with you till like a month ago. Now I’m not so sure..

	▲	9rx 13 hours ago \| parent [-]
		Current generation "AI" has already largely solved cheaper, faster, and more reliable. But it hasn't figured out how to curb demand. So far, the more software we build, the more people want even more software. Much like is told in the lump of labor fallacy, it appears that there is no end to finding productive uses for software. And certainly that has been the "common wisdom" for at least the last couple of decades; that whole "software is eating the world" thing. What changed in the last month that has you thinking that a demand wall is a real possibility?