"Building software" is a bit too general, though. I believe "Building little web apps for my son's school" has gotten at least 10x easier. But the needle has not moved much on building something like Notion, or Superhuman, or Vercel, or <insert name of any non-trivial project with more than 1000 man-hours of dev work>.

Even with perfect prompt engineering, context rot catches up to you eventually. Maybe a fundamental architecture breakthrough will change this, but I'm not holding my breath.