There are too much of both fear and optimism in what's is essentially a better compiler and google.

Eventually we will gravitate back to square one, and business people are not going to be writing COBOL or VISUAL BASIC or the long list of eventual languages (yes this now include natural ones, like English) that claim to be so easy that a manager would write it. And Googling/Prompting remain a skill that surprisingly few has truly mastered.

Of course all the venture capital believe that soon we'll be at AGI, but like the internet bubble of 2001 we can awkwardly stay at this stage for quite a long time.