Will there be a decline in software engineer salaries attributed to AI by the end of 2029?
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Elasticities elasticities elasticities! Now if we were talking about AI burying dead people automatically, clearly an increase in undertaker productivity due to such automation would result in job destruction, because the number of dead people to bury stays roughly the same over time (barring x-risk). Demand for funerals is very inelastic to price. On the other hand, coding faster and cheaper may result in more code being purchased overall, which could even lead to job creation for programmers, in principle.
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