We're seeing a new trend on YouTube where people are quitting their software engineering jobs even if they pay very well. And it's usually the same people that were doing the day in the life videos 3 years ago where they were bragging about doing Pilates at work, coding for like half an hour, having an overpriced latte, and making like half a million as a developer. Now why are people telling you to quit software engineering?
Well, because AI will basically replace software engineers, fully or partially. It will automate the job, it can generate code much faster than a human developer, and we are all doomed. Now, that's very false. We've seen recent studies where AI productivity increases are far less than Sam Altman and the Anthropic CEO and so on they wanted you to believe. When it comes to production ready software, AI does usually more harm than good.
And they're also saying that layoffs have pushed too many people in the market. The reality is that a lot of the engineers laid off in 2023 and 2024 actually found a job in a non pure tech companies. So they go to other industries, those industries needed software engineers. The reason they're telling you to quit software engineers is because there's too many CS graduates, but we've seen CS enrollments are dropping even in the most prestigious colleges and universities.
So we predict that in 2 to 3 years, you'll have again a shortage of great engineers in the sector. And so we are now in a downturn, but in the upturn we'll go again and then you'll have again shortages and people will look for software engineers just like they did before. Especially very qualified software engineers.