Comment by agentultra

This is predicated on the myth that people can re-skill and move into new industries. Sure the former can happen and people can learn new things. But we're talking about an economy where there are no new industries. And an economy where you have to work in order to live.

What's a software developer in their 30s, 40s, and 50s supposed to re-skill into? Take on debt for the rest of their lives and re-skill into a profession (if they can even afford to take several years out of their lives to go back to school)? Into blue collar work along with the salary cut for which they might not have the physical capabilities for?

There's no social system for providing the necessities for living.

The other side of it is skill. Human societies have lost knowledge before. We've had to rediscover various aspects of metallurgy before. We could lose the ability to understand the technology we've made if we trust everything to the LLMs. There are already vibecoders who don't even be able to review the code that it generates for them because they're starting to lose the critical faculties and skills to understand it.