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by daneyh 2786 days ago
It's strange, excel and greenscreen pricing grids could do 100x-1000x what a traditional pen and paper cash trader could do in the 80s, but trading/technology headcount increased massively since then.
3 comments

Automation doesn't always kill total avaliable jobs like critics claim, it's only when your potential marketplace is totally maxed out that it starts affecting the total workforce. Most service industries aren't there yet, hence the increase
> trading/technology headcount increased massively since then

Lower costs spur demand. Headcount went up a bit, throughput much more massively. If tech makes lawyers more affordable, that would increase the quantity demanded.

I wonder how things changed - surely the model isn't capturing all the factors. Perhaps the function itself changed?