I think the opposite will become increasingly true: folks that otherwise would not be found in a computer science/engineering undergraduate will find their way to tech.
Software/Tech is incredibly wide and deep. There's need all over the stack, and there is definitely lots of need at the medium-skill level. I spend a lot of time configuring AWS, and running simple db queries. Look at the heaps of programmers who are economically successful in a single framework like React.
I think the field will stratify and there's lots of room in the 50-80k/y range doing useful tech work for businesses in every sector. I can see it in FAANG where there's a clear distinction between those destined for Staff level and invent new things, and those who will plateau at SDE2 but do so much necessary work.