It seems to me, so far, everyone moved one level up.

- A layperson can now build one a solo developer can do

- A solo dev can now build what an agency of web development can do

- An agency of web development can now build native apps similar to what large corporation can do

- Large corporation can now tackle even more ambitious projects

Which makes sense given what got automated. This is with the current tech, people still exploring the full potential, but if that turns out to be the case then I'd argue the software market will grow substantially and we are just having an adjustment period.