It's counterintuitive but something becoming easier doesn't necessarily mean it becomes cheap. Programming has arguably been the easiest engineering discipline to break into by sheer force of will for the past 20+ years, and the pay scales you see are adapted to that reality already.
Empowering people to do 10 times as much as they could before means they hit 100 times the roadblocks. Again, in a lot of ways we've already lived in that reality for the past many years. On a task-by-task basis programming today is already a lot easier than it was 20 years ago, and we just grew our desires and the amount of controls and process we apply. Problems arise faster than solutions. Growing our velocity means we're going to hit a lot more problems.
I'm not saying you're wrong, so much as saying, it's not the whole story and the only possibility. A lot of people today are kept out of programming just because they don't want to do that much on a computer all day, for instance. That isn't going to change. There's still going to be skills involved in being better than other people at getting the computers to do what you want.
Also on a long term basis we may find that while we can produce entry-level coders that are basically just proxies to the AI by the bucketful that it may become very difficult to advance in skills beyond that, and those who are already over the hurdle of having been forced to learn the hard way may end up with a very difficult to overcome moat around their skills, especially if the AIs plateau for any period of time. I am concerned that we are pulling up the ladder in a way the ladder has never been pulled up before.