Comment by mike_hearn

No, no we are not. The average case scenario is that this time is not actually different to any of the other times new automation technologies were invented, and that the youngest will master the tech then find uses for it far better than their parents generation. The best case scenario is something like a new gold age of prosperity, and the worst case is an economic bubble and temporary recession as it bursts.

Computers have been automating things for decades. My father had a private secretary at work, something considered normal for a mid-career executive back then (he was an engineer!). I've done very well in my career but a private secretary is quite out of reach. That doesn't mean that we had a "lost generation" on our hands.

And yesterday a friend showed me what his 11 year old was vibing up with Claude Code. A whole web app he can use to help organize some stuff with his friends related to Roblox (I dunno what it was meant to be, you had to log in for most of it). The kid is amazed that his father understands all the mysterious symbols Claude generates. And he probably always will, the same way I listen to stories about how my father could fix car engines with mild amazement as well.

There's a huge market for doom stories out there and the NYT is a rag that was just yesterday reporting that Adam Back was Satoshi based on nothing deeper than the journalists gut feeling. "Studies" in social science can show whatever the author wants, and the authors want clicks from their AI-hating left wing readership. Stay skeptical!