If that's all he sees, it's a hilariously myopic take on the impact of AI.
AI is for coding velocity like electricity is for better room lighting.
We haven't seen the nature of work after AI yet, we're still in a nascent phase. Consider every single white collar role, process, worfklow in your organization up for extreme disruption during this transition period, and it will take at least a decade to even begin to sort out.