in my experience software demand never slows, its just priced out. Remember a decade ago we were developing a lot slower due to hardware constraints and other things, now we develop much faster but the features we develop are more complex and there are more of them.
I'm not convinced there is a limiter on software demand as it seems to grow alongside development speed. We all have huge backlogs in any non-trivial system.
No one can tell what the exact multipliers are, but history has shown us that what happens is everyone gets richer.
Obviously there will still be as many programmers, each working 2.5 days a week. </wishful-thinking>
And surely each programmer will still earn just as much income but only work half as much