[new_account_100]

This is a conspiracy theory, but I suspect that VC-backed tech industry overhiring circa 2020/2021 was partially done to give this impression.

[electrondood]

I don't think so. During that time the potential of LLMs to eliminate work wasn't obvious. That was pre-hype explosion.

[sometimelurker]

I think some attentive VCs couldve predicted this.

Paper from OAI 2020 about scaling laws: https://arxiv.org/pdf/2001.08361 The idea that you can make a system smarter by just putting in more money is very appealing. The earliest OAI coding model is here (Aug 2021): https://openai.com/blog/openai-codex/