I think that there will be neurological fatigue occurring whereby if software engineers are not actively practicing problem-solving, discernment, and translation into computer code - those skills will atrophy...
Yee, AI is not the 2x or 10x technology of the future ™ is was promised to be. It may the case that any productivity boost is happening within existing private code bases. Even still, there should be a modest uptick in noticeably improved offer deployment in the market, which does not appear to be there.
In my consulting practice I am seeing this phenomenon regularly, wereby new founders or stir crazy CTOs push the use of AI and ultimately find that they're spending more time wrangling a spastic code base than they are building shared understanding and working together.
I have recently taken on advisory roles and retainers just to reinstill engineering best practices..