I pray this is true. How can an experienced dev in the Bay area compete with someone in India that would work for $10 an hour with chatgpt?
Now that I write this, it's still a hard decision for big companies.
Because just anyone in India won't work for $10/hr and ChatGPT doesn't make any difference working in enormous big tech codebases with all in-house technologies
just be patient and wait for the off shore contractor's vibe coded shit pile to burst into flames and come in and fix shit for a big premium while being able to communicate with the customer during their preferred time zone and in the local dialect.
simple.
Same thing happened in the '90s...
I think what we're seeing is the fossilization of the newest batch of mega tech companies looking to rest on their laurels and prioritize profits over innovation.
They won't die, they are just the next IBM.