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>Sure, except we talk all the time about how bad hiring practices are in our industry, how bad we all are at discerning talent. So I don't really see this being a positive thing for existing developers

This only applies if there's no way hiring practices could possibly improve, which given the existence of some data on the subject seems unlikely. In particular, it's not too far-fetched that people with some coding literacy may make better hiring decisions than Muggles.

>Large employers in this company would like to have labor costs reduced, especially for costly positions like software development. I'm not saying that is necessarily a sinister thing, but things like this should be thought of in the context of reducing labor costs.

Reducing labor costs in the long run reduces average prices and increases real incomes. Historically, it's not usually a bad thing; in this case, real incomes[1] go up whenever cost savings are passed to consumers.

The market may not be perfect, but it's usually better than fiat and ignorance.

[1]: cost-adjusted income, see http://en.wikipedia.org/wiki/Real_income




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