Result is more software at lower quality. The reason is statistics. When you increase the population, you increase the population of every kind of programmer, and people who want the result are favored in most competitive sectors because corporations want something somewhat working yesterday.
...and here we are.
Now programmers talking about code quality is stoned en-masse. If it's somewhat working then it's good. Efficiency, resiliency, maintainability and sustainability is an afterthought. Some of my friends who loved debating programming language theory now don't even care about the code. They don't write it, just vibe, and they don't plan to come back to "older, caveman style of development".
Some universities are also adding fuel to the fire: They "prepare students for the job", not teaching the science, but the parts that corporations need for the job only.
Though, hardware was cheap and people were expensive, and now code is cheap and hardware is expensive now. We'll see.