In Average is Over, Tyler Cowen notes that twenty year olds used to prove mathematical theorems. Now it’s the thirty year olds.
As problems get harder and harder, the need for experience and wisdom is increasing. There is no longer the advantage of starting from scratch.
While this means more opportunities for those with experience, what does it mean for those just entering the market?
Knowing how to code a simple app used to carry a lot of weight. Now the price of entry is fluency in a programming language along with its associating stack.
Will wisdom someday become a requirement?
A 96% employment rate means there’s scarcity in the market so perhaps this is not a concern.