Well what if it gets 99.9% automated but instead it means each programmer can now program like a team of 50 programmers, devops, pms, and qa people from today.
That's the common counterpoint, but is there 50x the demand for developers? I work in tech and I know how hard pressed people are for developer talent but it is not more than a couple fold off. I doubt companies and startups would have enough work to hire >=5x the developers. Thus, AI can be very disruptive to that job function.