With AI at least locally I'm seeing the opposite now - less hiring, less wage pressure and in social circles a lot less status when I mention I'm a SWE (almost sympathy for my lot vs respect only 5 years ago). While I don't care for the status aspect, although I do care for my ability to earn money, some do.
At least locally inflation adjusted in my city SWE wages bought more and were higher in general compared to others in the 90's-2000's than on wards (ex big tech). Partly because this difficulty and low level knowledge meant only very skilled people could participate.