[stuckinhell]

Yes it absolutely decimate demand for junior coders. My firm has basically frozen hiring, and all existing devs are expected to boost their productivity using one of the all the various AI's or get fired.

We expect the economy to get way worse as de-dollarization seems to be looming on the horizon, and preparing now.

[wing-_-nuts]

while chatgpt and bing are useful, they absolutely do not replace the pipeline of jr devs one needs to someday have sr devs with deep domain knowledge. IMHO it's a great 'search' technology, but it shouldn't be taken for granted or assumed correct.

Also, re de-dollarization. This pops up every 5 years or so when some autocratic regime gets tired of operating under the us dollar hegemony, but I don't see any other options that don't have their own major issues. The euro? That currency is fraying at the seams from trying to stuff high and low performing countries (i.e. Germany and Italy) together without enough control over each country's finances. China? They've got to free float and stop manipulating the yuan first.

Literally nobody is as trustworthy as the USD, no matter how badly Moscow, Beijing or Tehran might wish it to not be so.

[stuckinhell]

This time is definitely different because its the executives talking about seriously in way that's a first for me in my current role.

[908B64B197]

> Yes it absolutely decimate demand for junior coders. My firm has basically frozen hiring

What pipelines were you recruiting from?

I see AI decimating "become an engineer in 10 weeks bootcamp" types of coders, but proper engineers? The demand is still exceptionally strong, especially now that Twitter and Meta released a lot of talent on the market at the same time.

> We expect the economy to get way worse as de-dollarization seems to be looming on the horizon, and preparing now.

Economists and computer scientists confirmed it: The de-dollarization will happen the same year as the year of the Linux desktop!

[stuckinhell]

I hope you are right, this is the first time I've been asked to start research into de-dollarization and factoring that into our business plans.

[rf15]

I was afraid to hear stories like this. It's already pretty bad that less and less companies are willing to take the (originally completely obligatory) burden of teaching new junior programmers. It feels like we really are doing way too little to raise any next generation of any shape.

[0xDEF]

>de-dollarization

American social media has been surprisingly loud in their predictions about the total imminent collapse of the US dollar and economy since February 2022.

As a European I would like cheaper American products and services caused by a weakened US dollar. But I don't see it happening yet. The US dollar is still strong, American companies are still competitive, and the S&P500 is a lucrative ingredient in most European pension funds.

[stuckinhell]

Maybe but I think France's Macron has spooked a lot people who do global strategy. That's the only big thing I can think of in the news, that might be why I've been asked to start de-dollarization research and related business research.

[Tommstein]

Macron has no say in anything outside France. Even his closest allies, fellow EU members, have unanimously told him to STFU with that sucking up to China from what I've seen, including their biggest economy, Germany. Macron's time would be better spent dealing with the riots sweeping his country than trying to distract from them by pissing on the United States and sucking up to China. Your global strategists may not be the finest in the business if they think Macron talking shit is going to make even the slightest global difference.

[Havoc]

Where are future devs experienced with the company's code supposed to come from if not new hires?

[stuckinhell]

We all know GPT is going to improve, the question is how much and when. Some strategics advisors are saying we might not even need the existing engineers to maintain current levels of productivity.