| Reality is far more sad. Companies like JaneStreet, 2Sigma, etc employ some of the best software engineers, mathematicians, physicists and what not just so they can - have better weather forecasts to identify whether a 1 degree delta in South CA can increase oil costs cents on the barrel,
- run pandemic simulations to identify how the spread might happen and where inflation will rise so they move faster,
- track occupancy rates for pharmacies, hotels, casinos, etc via satellite imaging to identify spikes in usage,
- track the tiniest of things like butterfly populations to identify increase in earnings for certain brands of hotels,
- build some of the most efficient software and write their own compilers
all so that they can move money around [and do so quickly].Finance is not alone either. A non-trivial amount of big tech is on tracking users and serving ads better. Do I blame the engineers? No. I am just lamenting the state of society since this is how we have the brightest among us function and work. |
The only "actually useful" tech jobs if we're going to consistently apply a bar that excludes finance would be stuff like aerospace R&D or ERM systems. Which, to be clear, I would love if society incentivized more strongly. But finance is hardly the worst offender here.