As an aside, people say AI will eliminate coding jobs, but then who will configure these hooks? Or think about adding such a feature? These kinds of tooling and related work will still be there unless AI evolves to the point that it even thinks of this and announces this to all other AI entities and they also implement it properly etc.
If programmers become 10x more productive but demand only grows by 5x, what will happen?
I'm not convinced there is a limiter on software demand as it seems to grow alongside development speed. We all have huge backlogs in any non-trivial system.