alt Hacker NewsWhether you like it or not but the society is built on certain social constructs and agreements.
Do you think it's fair that when the society moves underneath, the capitalistic system moves its tectonic plates it's the individual who has to bear the cost of that?
Abd let's be clear only software devs are just sucking it up. You think lawyers and doctors would allow themselves to be laid off en masse and be replaced with trainees who just prompt the computer?
Also what will happen when high wage earners start loosing their discretionary income. The whole service sector for starters will be shaken.
Just imagine some big tech company laying off 10k engineers. Making 0.3m per year. That's 3b dollars that disappear from the incomes and thus from the economy and just stays in the pockets of the capital holders.
i made this point a few comments up but i think what's happening to the software dev industry is what happened to the journalism industry when the web really came into its own and everyone was now a journalist. There were even books written by tech people about how great "creative destruction" is heh now the shoe is on the other foot. How many "old dinosaurs" did web development and software dev in general put out of business? My neck is on the line too but even i have to chuckle at that a little bit.