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Prior tech booms, even the NFT Moment, did seem to have more of a collective sense that an opportunistic normal person could cash in on them (and some did). Now, it *feels* like only the employees of a very small number of companies and their investors are actually *profiting* from the AI boom.

The argument seems to be more that “these tools will help normal people build stuff that they can make money off of,” but where’s the evidence that this is happening? People ARE using LLMs to code Stuff, often quite cool stuff - but is this making them money? Idk?

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It won’t make money because, by its nature, the advantage of these things is to be able to build tools for idiosyncratic niches that normally couldn’t justify a software development team to build. A bunch little toy apps with an addressable market of a few dozen people isn’t gonna make anyone rich.

It’s very cool. It certainly adds a ton of value to the world that people can do this for themselves. In theory it adds a bunch of value to GDP creates a big consumer surplus. But it doesn’t translate to money in anyone’s pockets.

For every guy who has "made it" from this new paradigm, there's 10+ who lost their job. After I lost my job of 3 years in devops after 8 years in support, I became a helpdesk manager and when I hired for a *temp help desk entry* I got at least 10 apps from former devs with 15+ years in the field.

Feels like tech has long had the baked in assumption that people making stuff will = Money for at least some of them (with good timing and luck) - and it at least FEELS (again) like this is breaking down rapidly.

The disconnect I think is that the form is now amenable to being completed so much faster than the substance. The amount of “I vibed up this cool player comparison dashboard” “Ok what data are you using for the comps?” “Oh that’s just dummy data for the demo, not my job for the rest” I’ve seen…

It also FEELS like companies do not have the foggiest idea how to hire or fund people who have become genuinely good at using The Robot

Based on talking to friends in various industries, that's entirely true, but moreover, management seems willing to literally stake the existence of their company on a technology they don't understand, so they won't be "left out". Insisting this stuff be integrated with everything.

In the long wake of the Great Recession, the classic tiresome, pat answer to people who couldn’t find a decent job was “learn to code.” Now, do we have a similarily oversimplified yet sorta-plausible answer for people who no longer can find stable employment? I don’t think we do. That’s unsettling.

Teach? All kinds of places need teachers. The pay starts pretty low, but gets better, and the insurance is usually pretty good. I mean, even with an emergency license, you do still have to get certified, and then get a master’s, and your job is a political football, and… wait, nevermind. This sucks.

"Learn to weld" only works when people are planning big projects everywhere, but nobody knows what the price of steel will be next week. I know people trying to get started in metalworking and there isn't a ton of jobs rn

We absolutely do not, because of the financialization. Exchange value is totally unmoored from anything but narratives and shady backstops, private equity is destroying every industry, journalism is totally bought in to "CEO says". There's a ton of work that needs doing and no jobs.

And half of all professional govt and science jobs simultaneously cratered because woke And we started an oil crisis And we launched tariffs Like you couldn’t plan a national demolition this good if you tried

I see some people trying to claim the new answer to “I can’t find a job” is “healthcare,” but you can tell their heart isn’t really in it.

I’m guessing it’ll be endless “learn to blue collar trade” and programs in schools to host more of these programs which never develop as they run into obvious cost and logistics issues.

I feel *extremely* lucky that I landed a tech job at a not-tech-but-tech-adjacent company where the boom-bust cycles in FAANG-world have largely passed me by. But I’d be lying if I said anything feels safe, much less has a bright future. The bolt’s busted loose from the lever.

I do regularly encourage people to explore building trades, unionized if possible, but that's not something with infinite capacity (among other problems such as requisite physical fitness)

I see a lot of software getting better, but I haven’t seen anything I want to give *my* money to. Anything I want I can just build myself or find someone giving it away for free.

Yeah - I think what's happening is that LLMs genuinely make software engineers who know how to use them more productive, but this doesn't translate to higher pay, just more stuff to work on and greater profits for the corporation.

I’ve made (and little) money with AI (and I started before AI) but it’s a long road that requires a lot more than just building. AI can’t replace a lot of it (networking, sales, etc). If I had what I have 5 years ago I’d be a billionaire. So the diff is more in how (and how much) money is made.

IMO the opportunity has shifted from a national one with VC backing to a regional one finding small to medium businesses that have processes to improve.

I got my first ever job as a Agent Orchestration Engineer. Setting aside the money which has massively reduced the precarity of my unsafe living situation, this job has allowed me to work with kind, compassionate, intelligent, insightful, amazing people who make me a better person by working with me

Yeah sure, John Medianvoter can't cash out massively off AI hype, but there absolutely are people who are benefitting from the social upheaval and from their ability to come out on top in what's coming next. I am one of those people. I am trying to help others do so as well!

It certainly makes my job easier as a teacher, all my bs metawork tasks, leveling texts to different lexile levels, creating multiple versions of tests, the loads of narrative materials I need for gamification It's like having a C level teaching assistant which was never going to happen otherwise

Somebody's out there making money selling shit with AI-generated "photos" of products that don't actually exist. At least judging by all the "this is what I ordered, this is what I got" stuff. But I don't think that's a positive development for humanity.

Even for huge corporations, are they actually saving more money than they spend on the tokens? They don't seem to be doing anything that would bring in billions in new revenue with AI.