Doubtful, you're ignoring the fact that self-taught (entry-level) programmers cannot simply be replaced by (entry-level) programmers with degrees (or vice versa).

Both have their up- and downsides, and treating them like equals is ignoring that which makes them each of them unique.

There will always be a market for self-taughts, if you don't understand this, you don't understand what makes a self-taught special.