An increase in efficiency in and of itself, maybe, but there is no such thing. The increase in efficiency has largely come from deskilling the job. Deskilling the job makes the employees time less valuable, because they can be substituted for another more easily.
[edit: it's important to mention that this is compatible with programmer ego trips. I consider myself a reasonably good programmer and I've been doing it for a long time, but AI has made me far more eligible for jobs in languages that I have never used on platforms that I have never worked with.]
But another factor is that just because you can do work faster doesn't mean there's more work to do, so if you were hitting all your deadlines before with two employees, now you can fire one. Which one that will be is the result of a reverse wage auction.
An increase in efficiency in and of itself, maybe, but there is no such thing. The increase in efficiency has largely come from deskilling the job. Deskilling the job makes the employees time less valuable, because they can be substituted for another more easily.
[edit: it's important to mention that this is compatible with programmer ego trips. I consider myself a reasonably good programmer and I've been doing it for a long time, but AI has made me far more eligible for jobs in languages that I have never used on platforms that I have never worked with.]
But another factor is that just because you can do work faster doesn't mean there's more work to do, so if you were hitting all your deadlines before with two employees, now you can fire one. Which one that will be is the result of a reverse wage auction.