I predict that there will be a split in the industry between "software engineer" and "software laborer" where there are specific certifications you need to have before being called an "engineer". "Software engineers" will be held responsible, like civil engineers are, for mistakes that result in accidents. Companies that write safety critical software like auto, air, and space industries where human lives or huge $$$ are on the line will hire engineers, e-commerce companies will continue to hire "code laborers".
Maybe they will even give you a fancy ring to wear?