In 2023, software engineers are deemed more valuable than capital by 62% of software and talent leaders, according to Karat's 2023 Tech Hiring Trends report. The study reveals that 55% believe software engineers are worth three times their current compensation, up from 45% in 2022.
The rise of generative AI, automating coding tasks, may impact their value. Daan van Rossum, founder of FlexOS, predicts a blurred line between engineers and non-technical professionals.
While AI can handle coding, human problem-solving and innovation remain crucial. McKinsey's Lareina Yee sees AI as a power tool for engineers, cutting time on toil tasks and allowing focus on innovation.