Coding since 1986, and what I see is the dream of CASE tooling finally coming true, eventually as AI matures, assuming we aren't getting through yet another AI cycle that will stabilize until the next wave, I see ourselves writing requirements documents in a UML kind of way (in spirit, doesn't need to be boxes and arrows) for AI minions to actually do the work with one third of current team sizes.
The other two thirds can search for something else, just like the factory workers when robots took over most factory roles.
The remaining one third, are the folks doing the jobs robots can't yet do, or doing their maintenance.
Software factories are no different from physical ones, in this regard, a few iluminaries will be able to profit from AI, everyone else needs to re-train themselves.