Speaker A
Where to start? Well, IT is already [ __ ].
An in-depth critique of the IT industry, discussing salary myths, market saturation, and the impact of AI technologies on programmers' futures.
Ask about this video. Answers come from its transcript only — with the timestamp, so you can check them.
Generated from the transcript and can be wrong — check the timestamp.
Key Takeaways
- IT salaries and job security are not guaranteed and the industry faces a bubble burst.
- Most IT startups and products do not generate significant profit or value.
- The demand for programmers is inflated by poor management and market hype.
- AI and automation technologies will significantly impact the future of programming jobs.
- The IT market is saturated with low-value projects and scams, making it unstable.
What the video covers
- IT is primarily a service industry, not a production sector, often failing to generate tangible products.
- Successful IT products are rare; many startups and apps are unprofitable despite large investments.
- The market for programmers is overheated and artificially inflated by inefficient management and hype.
- Neural networks, ChatGPT, and deepfakes are transforming the industry, but also threatening job security.
- Many IT projects, including websites for small businesses, often provide little real benefit.
- There is a proliferation of info scammers and online courses that contribute to market saturation.
- Despite some breakthroughs and profits, many entrepreneurs face financial distress and failures.
- The number of internet users has massively increased, influencing market dynamics.
- Mass layoffs at major companies like Twitter show management inefficiencies and market corrections.
- The speaker promises to present evidence that a major industry downturn is inevitable.
Chapters
- 00:00Introduction and IT Industry Overview
- 01:00Salary Myths and Industry Realities
- 02:13Role of AI and Neural Networks
- 04:15Nature of IT as a Service Industry
- 05:19Success and Profitability of IT Products
- 09:18Market Saturation and Programmer Demand
- 15:27Management Issues and Layoffs
- 17:32Market Growth and Future Outlook
- 19:00Conclusion and Inevitable Industry Changes
Full Transcript — Download SRT & Markdown
Speaker A
Or maybe start the video like this? Well, you don’t care about the introduction, right?
Speaker A
Yeah, because here I am sitting like a senior developer, writing a script in front of some paper. Screw all that.
Speaker A
I’ve already used up all my pencils, tears are flowing from exhaustion. Let me just lay it out for you as it is.
Speaker A
And then we’ll get back to our business. So, fuck it. If anyone thought that the salary is huge and that they will always be with us, no way.
Speaker A
Yeah, no way. So, let’s start our video. More specifically, today’s program is about why IT is bullshit and a scam, when the bubble will burst, and what exactly will happen.
Speaker A
What role will neural networks, ChatGPT, deepfakes, and other stuff play?
Speaker A
What should we do with all this? How to stay afloat and not lose money?
Speaker A
Note: the topic of the video is endlessly dull and bland.
Speaker A
Something like what you love: Star Wars, Marvel, [ __ ], all that stuff.
Speaker A
You get the idea. Honestly, I wouldn’t make a video about this pop stuff in my life, but my subscribers on Boosty chose it.
Speaker A
And as you know, for your money, I’ll shoot anything, even streams from the pool.
Speaker A
By the way, here’s the collection.
Speaker A
Well, I’m not a total worm, so I didn’t bother with editing.
Speaker A
This will be absolutely random crap, so enjoy.
Speaker A
A factory might produce a million aluminum dildos, a bakery will bake bread, and another web gallery can only mess with your brain and ask for deadlines.
Speaker A
I mean, IT has never been related to production. IT is a service industry.
Speaker A
Like a massage salon, where for a couple of hundred, someone might massage your dick.
Speaker A
Someone just screamed about Google, Yandex, new technologies, but again, Uber, for example, is a taxi ordering service.
Speaker A
It’s exactly a service. Uber doesn’t produce drivers or cars, just so you know. That was fact number one.
Speaker A
Now fact number two: successful IT products are few, or maybe just a handful.
Speaker A
An amazing example, in my opinion, is the period tracking app.
Speaker A
If you Google the story of the guys who made it, they apparently raised tens of millions of dollars in investments in the first round.
Speaker A
And anyone who’s even a little bit in the know understands that this [ __ ] could be cobbled together by two students from Voronezh over beer and Kirieshki.
Speaker A
Then, if some money flows in, they bring in a dozen DevOps and normal developers to optimize everything for heavy loads.
Speaker A
However, open the App Store or Play Market and look for such apps. There are not thousands, but probably hundreds, and only a couple of those apps generate any money.
Speaker A
Also, nowadays every bakery or concrete plant has a website.
Speaker A
And it’s not the bakery or the plant that made the site. Nobody knows why it’s needed, but there will definitely be a couple of fools on staff who made the site.
Speaker A
It’s also covered in crap like integrations and CRM, but in fact, it usually doesn’t bring any benefit at all.
Speaker A
And these endless copies of search engines, YouTubes, and so on, budget cuts that exist not only in our country.
Speaker A
You might be surprised, but even the most backward countries will make their own TikTok analogs.
Speaker A
Needless to say, these are always unprofitable stories.
Speaker A
In my opinion, no. Are there breakthroughs and super profits? Yes, there are.
Speaker A
But for most entrepreneurs, there are jumps out of the window after another conversation with collectors.
Speaker A
Fact number three: the market is overheated. The demand for programmers is artificial and mostly sucked out.
Speaker A
I’ll explain now. On one hand, there is endlessly inefficient management.
Speaker A
Look at Twitter, where they fired a ton of employees, almost half, promised to throw them out.
Speaker A
And Twitter suddenly still works, will continue to work, and will develop new features. Everything will be fine with it.
Speaker A
So, management problems are obvious.
Speaker A
On the other hand, there is the expansive growth of idiots in the market who are sure that they are not like everyone else.
Speaker A
They believe they caught God by the beard and now they will create their new Amazon or Netflix.
Speaker A
Thirdly, you wouldn’t believe it, there are info scammers, various online courses, and other things that heat the market better than my ass heats the chair.
Speaker A
And fourthly, there are really cool market changes, for example, the fact that from the 2000s until now, the number of internet users has increased about, I don’t know, a billion times.
Speaker A
We could now compare these negative influences to the positive ones and calculate something.
Speaker A
But why? Because I have ironclad proof that [ __ ] is inevitable. I will present it properly a bit later.
Speaker A
For now, let’s summarize: IT is a service industry that usually does not generate any applied product.
Speaker A
Exceptions are only cases when we write software for, for example, machines.
Speaker A
At best, the result of the work is expressed in analytics of some data or automation of real production processes.
Speaker A
Most startups and other entrepreneurial ventures in the field are absolutely unprofitable.
Topics:IT industryprogrammer salariesmass layoffsjunior developersAI impactChatGPTmarket saturationstartupstech bubblesoftware development
