I don't understand. I get the idea for us to self organize and bring about more diversity to the tech industry. What is lost on me with all these posts/comments/arguments is that they act as if white males are trying to stop women and other minorities from entering the field. More than most fields, getting a job as a developer is based on objective facts. Can you solve x problem. Especially in a market where good talent is hard to come by, I can't imagine an employer saying, "well, you have the technical chops, but i'm not going to hire you bc you're a woman". This just doesn't happen.
Yes, let's be open minded and work on making programming as accessible to as many ppl as we can. But, let's not start affirmative action here.
Of course they won't say "well, you have the technical chops, but I'm not going to hire you bc you're a woman." What they might say is "she isn't technically qualified" when an identical technical demonstration by a man would have been perceived as proficient. Unless your technical assessments are purely-objective exercises graded by a machine, you or your coworkers are probably subject to these biases without realizing it.
How did this dribble make it this high up HN? Money is a medium of exchange. It represents real value. If we just spin up new batches and dish it out, where is its value? More money will be sloshing around in the system sending incorrect economic signals which will artificially inflate certain industries. The house of cards will collapse on itself when ppl stop believing the dollar can maintain a stable value. The currency will be dumped and hyper[inflation]/[deflation] will destroy the economy until a new reliable money is surfaced.
It's obviously not creating more wealth first order. If that money frees up demand that wouldn't have otherwise been expressed, and people providing for that demand would otherwise have been out of work, it can create more wealth. The degree to which that would happen is an open question, so far as I'm aware.