In my bubble, I’m seeing people write entire software stacks from scratch, single-handedly. At this point it’s clear to me that software engineering has taken off by a factor of 10x-100x, at least in some industry areas and in some circles.
But that’s not the point here - even if this is true and it continues, IT is not the entire world economy. I don’t think we’ll see the same productivity gains propagate more widely soon. This will take years. The real world is a ship that’s immensely hard and slow to steer, which is easy to forget when your CI pipeline deploys commits to production in minutes.
What about productivity gains (recent/profit, company bottom line)? I think that’s what the op’s measuring. Have you seen a 10x-100x on that front? If not, what’s the disconnect here?
Where is this new, valuable software having an impact? Yes, there is quite a lot more code being written. But where is it being run?