Great visual from @julesyoo@a16z with the juxtaposition of US food and medical costs as a % of GDP - showing a virtual swap between the two expenditures
1960
*Food: ~14%
*HC: ~5%
Today:
*Food: ~8%
*HC: ~18%
Narrative violations abound:
- Demand for software engineers is rising
- Software devs are rising as a share of new jobs
- AI exposed industries are seeing above-trend wage growth
- Open PM jobs haven't been higher since 2022
More from a16z's David George on the "AI job apocalypse" myth: https://t.co/7sbadmEElG
@nikillinit Yes and no, its like saying peoples' experiences w Apple and Samsung phones are different... but comparing an iphone from 2024 against a Samsung from 2019. The outputs are going to be further exacerbated by the poor comp set
@nikillinit Trure...yeah hit send and regretted it. Also, depends on fixed cost base and also if current MV ED mix/profitability. Either way - your article felt more impactful that I would have guessed