Earlier quoted context omitted.
Few days back, Sam Altman tweeted this "Prediction: AI will cause the price of work that can happen in front of a computer to decrease much faster than the price of work that happens in the physical world. This is the opposite of what most people (including me) expected, and will have strange effects" And I was like yeah I gotta start preparing for next decade.
I think this will result in classic Jevons paradox: https://en.wikipedia.org/wiki/Jevons_paradox . As the price of writing any individual function/feature goes down, the demand for software will go up exponentially. Think of how many smallish projects are just never started these days because "software engineers are too expensive". I don't think software engineers will get much cheaper, they'll just do a lot more.
Maybe many. If the cost/benefit equation doesn't work, it makes no sense to do the project.
> I don't think software engineers will get much cheaper, they'll just do a lot more.
If they do more for the same cost, they are cheaper. You as a developer will be earning less in relation to the value you create.