Jobs will likely pay less as more people are enabled to create, especially if they don't need to be able to look under the hood

It's really not clear. We might all become unemployable. But as coders become more powerful, they can do more, which makes them more valuable, if they or the businesses empluying them can invent work to do.

If all we can do is compete for the same fixed amount of work, though, it does look bleak.

Well, I wouldn’t have a different job that would pay me more… so yes?

No, I wouldn't. But most people won't have that choice; it doesn't work that way.

Companies could fire expensive engineers then just hire cheaper ones boosted with AI agents.