That will always be true for some individuals. But the sector isn't going away. Everyone is retooling right now and it's hard to tell what this generation of AI is even going to do to jobs. I strongly suspect that the companies that manage the retooling most successfully will be hiring more people not less.
I mean this with respect, but if this is your sincere worldview, I'd suggest you step outside the tech news bubble a bit more.
There are some white collar jobs, possibly including many software engineers, that are at risk from gen AI. I guess there's some delicious irony in that, given that not long ago, we've been telling blue-collar workers to deal with economic shifts and learn to code. But short of some LessWrong fanfic about self-assembling nanobot AGI doomsday, there's plenty of other things for humans to do for a living.
I think the GP and many conflate tech jobs and relative high paying jobs. If you remove high paying from your filters you’ll get more results. Many have not accounted for that. Like most things, if you don’t own the means of production or income generation, your salary is just a loan. Once you’re out and can’t get back in and lose the things you’ve acquired it becomes more clear. The upside, we then start to treat one another better and can see more clearly how most were never actually in the club. After civil disruption comes better policy, historically.