In the early 2000s we had a Prof. for a course called "Hardware Technology". He really wanted us to get into electrical engineering and hardware focussed low level development, because according to him "SW development is dead, software can be created from specs and flowcharts by now". Great course, we learned about FPGAs and VHDL, but that advice really didn't stand the test of time.

Only in some niches, mostly related to data management, e.g. the same places where declarative programming already succeeds.

I do agree though that the programming world is currently completely overstaffed, and that this has a bad overall effect on quality and progress, but this has 'business reasons', not 'rational reasons' and technological magic bullets are not the solution ;)