As a former Finance person, it is interesting to see the panicked attitude of programmers toward AI and the resulting loss of job opportunities. Programmers have eliminated more jobs than almost any other group of people on the planet.
I began working in the late 80’s. Throughout my career I saw the steady reduction in Finance organizations as roles were reduced and/or eliminated by the introduction of computers and software. First it was spreadsheets that eliminated the tedious work of writing on 13-column sheets to create financials. Then it was accounts payable clerks who were eliminated as EDI sent better quality information that needed less reconciliation and fewer humans touching it. I watched 90% of accounts receivable clerks who were eliminated as software could create the invoices from data in the system and automatically match payments to invoices. Then it was the bank reconciliations teams that were reduced as better information flow between the banks and companies allowed the automation of daily bank reconciliations. All of these were thought by the companies to be great advances due to technology. They eliminated “non-value-added” work and made companies more efficient. They also eliminated lots of jobs, particularly entry-level jobs.
My intuition is that other functions saw similar increases in labor productivity. Why is what is happening to programmers today any different?