Ah right yes, ok so not a huge increase. Meanwhile, I’ve seen real value of entry-level programmer compensation packages at least double since 2000, probably more like triple.
I think my point about GDP growth helping the outside view is this: *some* significant chunks of sectors in the economy are getting significantly more productive. What kind of workers are producing more value? What are the characteristics of a job that enables more value creation? One where there’s more leverage, i.e. an hour of work produces more economic value, without a corresponding increase in supply. And any sector where the leverage on time is increasing say 5x+ per decade is a good bet for an area where supply is trailing demand.
If you measure programmer productivity by the number of jobs replaced by their code, not lines of code, then programmer productivity is almost unlimited.
Why not use per capita real GDP (+25% since 2000)?
Ah right yes, ok so not a huge increase. Meanwhile, I’ve seen real value of entry-level programmer compensation packages at least double since 2000, probably more like triple.
I think my point about GDP growth helping the outside view is this: *some* significant chunks of sectors in the economy are getting significantly more productive. What kind of workers are producing more value? What are the characteristics of a job that enables more value creation? One where there’s more leverage, i.e. an hour of work produces more economic value, without a corresponding increase in supply. And any sector where the leverage on time is increasing say 5x+ per decade is a good bet for an area where supply is trailing demand.
If you measure programmer productivity by the number of jobs replaced by their code, not lines of code, then programmer productivity is almost unlimited.