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by oangemangut
544 days ago
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Having also worked on desks in the 00s and early 10s I think a big difference here is what trading meant really changed; much of what traders did went away with innovations in speed. Speed and algos became the way to trade neither of which humans can do. While SWE became significantly more important on trading desks, you still have researchers, quants, portfolio analysts, etc. that spend their working days developing new algos, new market opportunities, ways to minimize TCOS, etc. That being said, there's also a massive low hanging fruit in dev work that we'll automate away, and I feel like that's coming sooner rather than later, yes even though we've been saying that for decades. However, I bet that the incumbents (Senior SWE) have a bit longer of a runway and potentially their economic rent increases as they're able to be more efficient, and companies need not hire as many humans as they needed before. Will be an interesting go these next few decades. |
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And this has been solve for years already with existing tooling. Debuggers, Intellisense, Linters, Snippets and other code generations tools, build systems, Framework Specific tooling.... There's a lot of tools for writing and maintaining code. The only thing left was always the understanding of the system that solves the problem and knowledge of the tools to build it. And I don't believe we can automate this away. Using LLMs is like riding a drugged donkey instead of a motorbike. It can only work for very short distances or the thrill.
In any long lived project, most modifications are only a few lines of codes. The most valuable thing is the knowledge of where and how to edit. Not the ability to write 400 lines of code in 5 seconds.