Sacks is pushing back on the "jobs apocalypse" forecast, in which software developers were supposed to be the first job category wiped out. He argues that coding assistants have created a huge new category of bespoke software, so someone still has to manage it.
…to manage the process. By the way, I think this is a really important point around. Remember, with the whole jobs apocalypse, the first job category that predictors of the apocalypse were saying would be eliminated were software coders, obviously. Because why didn't everybody? Everybody became
a developer and now everybody's shipping code. Now we're
seeing that actually demand for coders is increasing, even though 95% of the code is written by coding assistants. And the reason for that, again, is well, first of all, you still have that 5%, and that 5% is of a much bigger pie. And you still need someone who can look under the hood and manage the whole process, and they need to be somewhat technical
and maintain it. So the maintenance. So,
in any event, look, I think this whole, you could say, new category of bespoke software created by the proliferation of coding assistants and agents and all. All of that is just, I think it's going to be just a huge driver of productivity throughout the economy. And is that broadly deflationary?…
country, right? That everybody is going to be more productive, Ben. But do you worry about our industry, the venture industry? And we have these great hits. And then the second they become a hit, somebody can decompile it, create a competitor, and ship it very quickly. It feels distinctly different…