This is not so helpful if AI is boosting productivity while a sector is slowing down, because companies will cut in an overabundant market where deflationary pressure exists.

However, the number of software companies being started is booming which should result in net neutral or net positive in software developer employment.

Today: 100 software companies employ 1,000 developers each[0]

Tomorrow: 10,000 software companies employ 10 developers each[1]

The net is the same.

[0]https://x.com/jack/status/2027129697092731343

[1]https://www.linkedin.com/news/story/entrepreneurial-spirit-s...

No, because if you think about Startrek the endgame is replicators. Well the concept that 100% of basic needs are met.

At some point work becomes unnecessary for a society to function.

Paying billed is easier on the phone in the sense that bills in Denmark have a three part number, e.g. +71 1234567890 1234678 where the first is a type number, second is the receiver and the last is a customer number with the receiver. The phone allows to just use the camera to scan the number.

Transferring money is terrible on both platforms, because it's designed to be doable on the phone, meaning having three or four screen, but it gives you no overview. There's plenty of space on a computer for a proper overview giving you the feeling of safety, but it's not used. Same for account overview. Designed to the phone, but doesn't adapt to the bigger screen and provide you with more details, so you need to click every single expense to see what is is exactly.

Even now, the mobile deposit limit seems sufficiently low that I still go to the bank with more frequency than I’d like. Luckily, the ATM at the bank has a check scanner now that doesn’t have a limit so that’s usually easier and faster. It’s the daily $5000 limit I hit the most, a single check and put me over it and require a trip to bank. I think the monthly limit is $30000 and that doesn’t get in my way often. I think $5000 is too low of a daily limit. It’s common enough that I have to make a $5k+ settlement with friends/family that usually always has to be done by check. (For curious, This is usually travel that I pay for and we settle up later.)

Less common, but sometimes I need to get a bank check (guaranteed funds) or a money order. Way less frequent is need to get/give cash funds. Usually can use ATM for this unless it’s a larger withdrawal or if I need some particular denomination. This whole paragraph accounts for about 1-4 annual trips in any given year though.

- Remembering that you need to do banking, but waiting to do it until you're at home in front of your computer. This is impossible now, and if I don't follow the impulse the moment it occurs, the impulse will forever escape into the ether.

- Even the mere mention of needing to observe a URL is often far too scary. Typing one in, or using a browser bookmark is of course, impossible.

- Using a keyboard and mouse. It's just too onerous to use tools that are efficient and accurate. Modern users would much rather try to build a mental map of the curvature of their thumb, so that when they touch their touchscreen and obscure the button they're hitting, they they can reference that 3D mental map to guess at what portion of the screen they've actually pressed. Getting this wrong 30% of the time does not detract from the allure of touch screens.

- Using a normal-sized screen that allows you to actually see a lot of data at once, or even use multiple tabs. Again, this is really unthinkable. Of course it be be completely unacceptable to need to wait to do your banking until you're in front of a computer. It's 2026, and I cannot be bothered to remember to do a task later. But, in needing to always follow every impulse immediately, it doesn't matter that my phone screen only displays a small amount of information at once, or that tabbed browsing is impossible in a banking app. Those inconveniences are acceptable, or even welcome!

I think Android and iOS are safer platforms than PCs and that's why banks want you to use your phone.

On the premium end of banking, where users generally aren't stressed about money, offering an app is more about catering to however the user prefers to interact.

Generally yes the apps tend to be easier to use for most things, especially with a high-speed internet connection. Customers prefer them, banks build them since customers prefer them.

It seems like a natural evolution of the technology and adoption rates to me. There was rudimentary online banking in the 2000s, then we saw banks shift to fully online presences in the 2010s. Maybe it wasn’t “the iphone” but just the fact that by the 2010s, everybody had a device in their pocket.

Native apps can provide a bit more streamlined UX (e.g. Face ID), while also being able to provide more robust features (mobile deposit).

The downsides are arguably higher development costs / OS compatibility, and having to install a separate app.

Also since you are already using 2FA, you are already on the phone so might as well do basic operations there.

I can also look at transactions in my bed before going to bed so that is nice.

If I need to look at a support ticket or look at transactions more deeply, i still use the desktop approach.

Getting rid of them isn't a good thing.

Entry-level jobs are important.

That huge job loss also means no hiring. If you were a bank teller you would seriously need to consider a job switch

People have been saying, “the computer is thinking,” while webpages are loading or software is running for as long as I’ve been consciously aware. I agree there’s something new about describing AI as, “literally a machine that can think,” but language has always had fuzzy borders

That’s not a bank teller’s job, at least not in the U. S. You’re confusing that job with something else.