Classic Jevons Paradox - when something gets cheaper the market for it grows. The unit cost shrinks but the number of units bought grows more than this shrinkage.
Of course that is true. The nuance here is that software isn’t just getting cheaper but the activity to build it is changing. Instead of writing lines of code you are writing requirements. That shifts who can do the job. The customer might be able to do it themselves. This removes a market, not grows one. I am not saying the market will collapse just be careful applying a blunt theory to such a profound technological shift that isn’t just lowering cost but changing the entire process.
Of course that is true. The nuance here is that software isn’t just getting cheaper but the activity to build it is changing. Instead of writing lines of code you are writing requirements. That shifts who can do the job. The customer might be able to do it themselves. This removes a market, not grows one. I am not saying the market will collapse just be careful applying a blunt theory to such a profound technological shift that isn’t just lowering cost but changing the entire process.