Developers today are 50X more efficient than when they had to input machine code on punched tape, yet the number of developers needed today is far larger than it was in those times.
Hundreds of people manually writing assembly and paid middle class wages. Not a compiler in sight.
In the years leading up to the singularity I’d expect to see a lot of Graeberian “Bullshit Jobs”.
Everyone knows they’re BS but as a society we allow them because we aren’t willing to implement socialism or UBI.
People just built bigger sets, and smaller productions became financially feasible. Ended up creating demand, not reducing it.