oangemangut
Joined 5 years ago
Joined 5 years ago
EDIT: The rules also dictate the allowed prices the dark pools trade at. They have to be within the national BBO, they can't just trade at whatever price they want. So the public auction is actually helping them find the prices, without their pre-trade information affecting the price before execution.
In your neighbor's house example, it would be like if there was a street market auction for trading cards happening in your neighbor's front yard, but in the house your neighbor and another neighbor had gotten together to trade 100x the average #of cards using the prices they hear from outside, and the people outside only see the deal they made after it's done.
That being said, there's also a massive low hanging fruit in dev work that we'll automate away, and I feel like that's coming sooner rather than later, yes even though we've been saying that for decades. However, I bet that the incumbents (Senior SWE) have a bit longer of a runway and potentially their economic rent increases as they're able to be more efficient, and companies need not hire as many humans as they needed before. Will be an interesting go these next few decades.
As an aside - word you may have been looking for is irrespective, or perhaps just plain old regardless. irregardless is not a word.