There have been very large improvements in code generation in the last 6 months. A few weeks without improvement are not necessarily a plateau.
And the kind of automation brought by LLMs is decidely different than automation in the past which almost always created new (usually better) jobs. LLMs won't do this (at least to extent where it would matter) I think. Most people in ten years will have worse jobs (more physically straining, longer hours, less pay) unless there will be a political intervention.