Employment in AI-vulnerable occupations, such as software development, has declined markedly faster among workers in their early 20s than among young workers in less-automatable jobs, new data from ADP and the Stanford Digital Economy Lab shows.
Because young software developers like all apprentices are mostly not productive, their value is in their potential and it will not be understood what has been thrown away until a generation has been lost and there is no one with experience to lead. The gamble of course is that by then machines will be able to take on those positions too but it’s a big gamble and even at best it’s betting against people.
If it’s true that young software developers are mostly not productive, then employing them hasn’t made sense for decades because staying at the same company for most of one’s career stopped being the default some time around 1980.
Long ago, companies hired new people and professionals took on apprentices knowing they were bot going to be productive initially, but thst over time they would be trained and loyal.
Then companies decided that they could poach the people other trained instead of spending money on training their own employees in the interest of short term profits. Then a lack of training meant they didn’t need to increase pay for their own employees to increase shirt term profits, so people started job hopping as it was the only way to increase pay. This of course required personal training outside of working hours or just being good at interviewing, not necessarily the job. That is also why we have entry level positions that require a decade of experience and pay minimum wage.
We have the current culture because of short term profits being the sole driver of business.
Because young software developers like all apprentices are mostly not productive, their value is in their potential and it will not be understood what has been thrown away until a generation has been lost and there is no one with experience to lead. The gamble of course is that by then machines will be able to take on those positions too but it’s a big gamble and even at best it’s betting against people.
Using a lot of words to say “It won’t affect this quarter”
If it’s true that young software developers are mostly not productive, then employing them hasn’t made sense for decades because staying at the same company for most of one’s career stopped being the default some time around 1980.
Long ago, companies hired new people and professionals took on apprentices knowing they were bot going to be productive initially, but thst over time they would be trained and loyal.
Then companies decided that they could poach the people other trained instead of spending money on training their own employees in the interest of short term profits. Then a lack of training meant they didn’t need to increase pay for their own employees to increase shirt term profits, so people started job hopping as it was the only way to increase pay. This of course required personal training outside of working hours or just being good at interviewing, not necessarily the job. That is also why we have entry level positions that require a decade of experience and pay minimum wage.
We have the current culture because of short term profits being the sole driver of business.
Solid explanation