Comment by menaerus
1 day ago
I don't disagree with you but a different view that could support the OP hypothesis could be that prior to the AI boom we could see that 90% of the capital went into "normal" software engineering jobs while maybe only 10% of the capital went into the ML market.
Now in the AI boom era, 90% of the capital goes into the AI while 10% goes into SE jobs. That could explain the drop in SE jobs.
That can be a valid point, sure. But the AI bubble will burst just like the dotcom bubble. Maybe some money will return into SE jobs.
It might burst but it may take years for that and until then it's going to be a struggle for most people in non-ML engineering jobs. But it might not burst at all? The trends in AI developments for the past few years are a bit concerning IMO.