We have both forgotten how to make things and also decided we can make more profit letting someone else make everything for every market. We have moved to a generation fixated on maximizing profit. However there is logic there as the cost to access the ability to make things is prohibitively expensive. As someone who makes open hardware with a nod to the environment and reusability, you can not justify or even find more locally sourced options than China.

Coding is different though, coding doesn't have a cost barrier, it has a ability barrier. I think we will loose a lot of people who never were passionate about programming and perhaps go back to a happy equilibrium. AI is only production ready if you have someone who understands software development. AI will improve speed to market if you have the right team, it doesn't remove the need for some to learn to code. You will of course end up with startups using exclusively AI but they will be those who end up with major security breaches or simply cannot scale as the AI goes in the wrong direction for the future. Tbh that's probably a positive as it weeds out the start ups that are focused on buzzwords for funding and not product.