Comment by gspetr

8 hours ago

> "average" developer is going to have an extremely hard time finding a position.

As was foretold in the Tyler Cowen's eponymous 2013 book "Average Is Over".

In it he argued that the modern economy will undergo a permanent shift where "average" performance no longer guarantees a stable, middle-class life.

He predicted that the economy will split into two distinct classes: a high-earning elite (roughly 10–15% of the population) who thrive by collaborating with technology, and a larger group (85–90%) facing stagnant wages and fewer opportunities.

AI summary of the other key points of that book:

The "Man + Machine" Advantage: Success will belong to those who can effectively use smart machines. Cowen uses Freestyle Chess (teams of humans and computers) as an analogy, noting that human intuition combined with machine processing power consistently outperforms either working alone.

The Power of Conscientiousness: In a world of abundant information, the scarcest and most valuable traits will be self-motivation, discipline, and the ability to focus. Hyper-Meritocracy: Advanced data and machine intelligence make it easier for employers to measure an individual's exact economic value. This leads to extreme salary inequality as top performers are identified and rewarded more precisely.

A New Social Contract: Cowen predicts a future where individuals must be more self-reliant. He suggests society will move toward lower-cost living models for the non-elite, featuring cheaper housing and "bread and circuses" in the form of low-cost digital entertainment and online education.

EDIT: Notice how we're basically already here: Netflix is cheap, YT is free, Khan Academy and MIT OCW is free, Coursera/Udemy/etc. are cheap.

Stagnant vs. Dynamic Sectors: The economic divide is worsened by "low accountability" sectors like education and healthcare, where productivity is hard to measure and costs continue to rise, unlike tech-driven sectors that see rapid gains.

Cowen uses Freestyle Chess (teams of humans and computers) as an analogy, noting that human intuition combined with machine processing power consistently outperforms either working alone.

Unfortunately, this one hasn't aged well. Human+Computer is now consistently outperformed by Computer alone in the chess world. Also, the name Freestyle Chess is now used for Chess960, the chess variant where starting positions are randomized. It has nothing to do with computer chess now!