No, it sounds like saying "if poverty has decreased, I would expect the number of 40m yachts to double". I would expect Photoshop to get 5 new competitors. I get that my grandma would still not be able to do it.
That, too, we're not seeing that at all.
We can now simply buy an artificial form of intelligence to solve intellectual problems. That doesn't mean we can buy our way into solving every problem in a week.
Building Photoshop or Excel still has a huge intellectual cost. We can use AI to help us get there, but it won't be free, it's just getting marginally cheaper.