I remember last year or even earlier this year feeling like the models had plateau'd and I was of the mindset that these tools would probably forever just augment SWEs without fully replacing them. But with Opus 4.5, gemini 3, et al., these models are incredibly powerful and more and more SWEs are leaning on them more and more—a trend that may slow down or speed up—but is never going to backslide. I think people that don't generally see this are fooling themselves.
Sure, there are problem areas—it misses stuff, there are subtle bugs, it's not good for every codebase, for every language, for every scenario. There is some sloppiness that is hard to catch. But this is true with humans too. Just remember, the ability of the models today is the worst that it will ever be—it's only going to get better. And it doesn't need to be perfect to rapidly change the job market for SWE's—it's good enough to do enough of the tasks for enough mid-level SWEs at enough companies to reshape the market.
I'm sure I'll get downvoted to hell for this comment; but I think SWEs (and everyone else for that matter) would best practice some fiscal austerity amongst themselves because I would imagine the chance of many of us being on the losing side of this within the next decade is non-trivial. I mean, they've made all of the progress up to now in essentially the last 5 years and the models are already incredibly capable.