More seriously, I think the reality is that software dev as an industry will go through a shrinking phase that will be materially significant. Right now you probably only feel it if you are an outsource consultancy in Latin America or something. But eventually as an industry, we'll go through a drawdown everywhere.

That makes sense, and it will be necessary. But I'm equally sure that people who used to be software devs will find something else to do. Some will get enterprising and start using the AIs to generate their own products. Some will go into management. Some will turn to other industries. AIs generating things will make the pie bigger, and there will be more ways to cut something out for yourself.