You have market theory saying that at some point, you will not have enough seniors because no juniors were trained. So seniors will become more and more expensive due to lack of supply. At some point, it will be cheaper to take the risk and train the junior entry person again, and things will stabilize out. The sad part is that there will be a generation of 10 years or so of lost juniors while seniors are abundant.
>"At some point, it will be cheaper to take the risk and train the junior entry person again"
I think they will have big problem finding people who will actually train those juniors by then.
At that point AI will be significantly more advanced than today.