Earlier quoted context omitted.
Classic Jevons Paradox - when something gets cheaper the market for it grows. The unit cost shrinks but the number of units bought grows more than this shrinkage.
Of course that is true. The nuance here is that software isn’t just getting cheaper but the activity to build it is changing. Instead of writing lines of code you are writing requirements. That shifts who can do the job. The customer might be able to do it themselves. This removes a market, not grows one. I am not saying the market will collapse just be careful applying a blunt theory to such a profound technological…
Just today, I needed a basic web application, the sort of which I can easily get off the shelf from several existing vendors.
I started down the path of building my own, because, well, that's just what I do, then after about 30 minutes decided to use an existing product.
I have hunch that, even with AI making programming so much easier, there is still a market for buying pre-written solutions.
Further, I would speculate that this remains true of other areas of AI content generation. For example, even if it's trivially easy to have AI generate music per your specifications, it's even easier to just play something that someone else already made (be it human-generated or AI).