One very tiny slice of speciality/ rare industries where code is critical but overall small part of project costs. I can see if code / software is 5% of overall cost even heavy use of AI for code part is not moving the needle. So people in this group can feel confident in their indispensability.
Second group is much larger and peddling CRUD / JS Frontends and other copy/paste junk. But as per industry classification they are just part of same Coder/Developer/IT Engineer group. And their bleak prospects is not some future scenario, it is playing out right now with tons of them getting laid off. And whole lot of people with IT degrees, certifications are not finding any jobs in this field.