I continue to believe that making developers 2-3x times more productive makes those developers 2-3x more valuable, and the smart thing for companies to do is to take on 2-3x times the amount of work, or hire MORE developers and finally start crunching through their inevitably years-long backlogs.

Your view doesn’t mesh with conversations I have had with most C-suite. Most firms outside of SV are seeing opportunities for cost reduction mostly.

And you can think through with first principles to see why it won’t expand developer hiring. Since AI progress is jagged, some industries will be affected in outsized ways while others may thrive more. But the increase in demand from new industries won’t absorb the reduction in demand from disrupted industries.