Massive job loss from AI requires one of two things: actual human-equivalent AGI or no increase in demand.
Focusing on option 2 and software development, teams and companies will only downsize if the demand for software doesn’t increase. Make the same amount of stuff you do now but with less people.
What I think will happen is that enough companies will choose to do things that they couldn’t afford or weren’t possible without AI (and new companies will be created to do the same) to offset the ones that choose to cut costs and actually increase the amount of people making software.
I am pretty sure these are well known economic ideas but I don’t know the specific terminology for it.
My understanding is that students are very hard on school provided laptops, I don’t think many of them that have been in use for a year will be in good resale condition.
I never really understood that angle - do you think the Germans would have thrown their hands up and not killed anyone because they lacked accurate data on who was Jewish?
The openAI employee in question is also a former Apple employee.