Comment by jordanb
1 day ago
In my career I've worked with people with PHDs in Physics. People with advanced degrees in fluid dynamics and turbine engineering, people with chemistry and ChemE degrees, postdocs in Geology.
All were working alongside me, a self-taught programmer making websites.
I've long thought that there's an oversupply of smart people in the world but for the field of software development, which was hiding that fact by soaking all of them up.
If SDE is collapsing as a field, a whole bunch of people who thought their intelligence and credentials guaranteed them a comfortable life are in for a shock.
This is really looking at the problem from the wrong angle. It’s not that we don’t need all those degrees. The problem is that tech companies are making so much money that it makes other industries practically irrelevant when it comes to return on investment. It has thrown the economy completely off balance.
I was talking to the turbine engineer at lunch one day and the way he put it is this:
There are about five companies who hire people with his background. They all go through boom and bust cycles together. When he graduated they were in a bust cycle and nobody was hiring new graduates, so he found a job in software. He was glad because the pay and working conditions are better, and at the time (a few years ago) it seemed like software engineering was a safe career with lots of employers, which turbine engineering was not.
https://en.wikipedia.org/wiki/Dutch_disease
Really interesting link, thanks!
Strongly agree. Perhaps an economy shouldn’t be organized around money.
How would you propose an economy not be organized around money? Any examples you could think of that have worked well? I would also ask that in doing so if you can consider how these changes would work with today's nation states and the scale of 8 billion people or so too.
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Perhaps you meant "financialization" instead of "money", b/c money is literally what makes up an economy.
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> If SDE is collapsing as a field, a whole bunch of people who thought their intelligence and credentials guaranteed them a comfortable life are in for a shock.
Even if we accept your precondition as true, that SWEs contain multitudes of smart people who will jump to other industries, I don't think the conclusion holds.
In the US at least, SWEs are among the most entrepreneurial industry members. They'll bring that attitude to whatever their new industry is. I think there will be an explosion of new startups in different areas, and we'll Jevons Paradox our way forwards.
I guess we're going to have a bunch of people innovating on jet turbines in their garages?
South Korea would be an interesting point of comparison. High IQs, after-school tutoring, 70% of young people get degrees: result is a college wage premium of only 31% vs 54% average in the OECD
https://www.oecd.org/en/publications/education-at-a-glance-2...
I would rather have SpongeBob making my burger patties than squidword. More intelligence is better than less intelligence.