I think that AI tooling will cause demand for developers to actually go up instead of down. At least in the medium term say the next 3 to 5 years. There’s tons of businesses and nonprofits that could benefit from custom software development, where the cost has so far been prohibitively high. As the cost drops dramatically I expect demand to increase significantly.
What does that cost/demand curve look like? I don’t know. But we are going to find out.