South Korea's KOSPI surged over 100% this year, with active trading accounts exceeding the population, driven by tax‑free arbitrage, leveraged retail enthusiasm, and a semiconductor boom centered on Samsung and SK Hynix, raising concerns about market fragility.
The article analyzes how economic forces turn once‑prized engineering skills into low‑value assets, explains why abstraction, tooling maturity and platform consolidation erode market demand, lists the skills now under $80K, and offers a roadmap for engineers to shift toward high‑leverage roles.
The article explains how AI functions as a permission‑less compound leverage—combining labor and code levers—to reshape personal productivity, team dynamics, and societal progress, while outlining the cognitive biases that hide its impact, the evolution of leverage concepts, and the competitive lifecycle of new AI‑driven wealth creation mechanisms.
Former OpenAI researcher Hyung Won Chung explains that artificial intelligence is the most powerful lever ever, surpassing human, capital, and code levers, and that AI agents create a permission‑less, compound leverage that can reshape organizations, wealth creation, and scientific progress.
