”Nowhere is this clearer than in entry-level software engineering—though the picture depends on whom you ask. Brynjolfsson discovered that employment among developers aged 22 to 25 has fallen nearly 20% from its late-2022 peak. The online job site Indeed also paints a stark picture: software development job postings have fallen 53% from the same starting point.”
They aren’t firing the meat proxies to that degree yet, but they absolutely have stopped hiring the meat proxies. It’s going to be a very dirty year on Wallstreet when you’ll see massive sneaky layoffs of the existing meat proxies.
You can turn your brain off with these models. It is what it is.
”Nowhere is this clearer than in entry-level software engineering—though the picture depends on whom you ask. Brynjolfsson discovered that employment among developers aged 22 to 25 has fallen nearly 20% from its late-2022 peak. The online job site Indeed also paints a stark picture: software development job postings have fallen 53% from the same starting point.”
https://insights.som.yale.edu/insights/the-real-job-destruct...
They aren’t firing the meat proxies to that degree yet, but they absolutely have stopped hiring the meat proxies. It’s going to be a very dirty year on Wallstreet when you’ll see massive sneaky layoffs of the existing meat proxies.
You can turn your brain off with these models. It is what it is.