The AI Bubble is being driven by the fantasy that AI can replace human labour cost effectively. It can’t. The cost of compute is too high. Semiconductors are too expensive. GPU’s, CPU’s, even a commodity like NAND flash memory. Power is too expensive. Water is too scarce. Key metals are too expensive. It’s cheaper for humans to do the work than burning tokens using Claude Code or OpenAI Codex. The layoffs were premature. Humans are cheaper than compute.
i have seen enough proof now that using a coding agent is a deep skill
it's confusing because the people you see heavily using them produce horrible results
but that's because it's a skill! you can get better and the ceiling seems pretty high - this is very exciting to me