I've been saying that software engineering as an industry is in the caveman state of development. The amount of scrutiny that production software gets at _most_ companies is hilariously lacking compared to say, a civil engineering blueprint and there are virtually zero repercussions for failure or negligence. Compare the education & certification required to be called a civil engineer vs. a software engineer and you'll notice that the industry is basically the wild west. You could also argue that computer science isn't yet a "hard science" like mechanical, civil, chemical, etc. engineering are.
I predict that there will be a split in the industry between "software engineer" and "software laborer" where there are specific certifications you need to have before being called an "engineer". "Software engineers" will be held responsible, like civil engineers are, for mistakes that result in accidents. Companies that write safety critical software like auto, air, and space industries where human lives or huge $$$ are on the line will hire engineers, e-commerce companies will continue to hire "code laborers".
Maybe they will even give you a fancy ring to wear?