Perhaps is not correctly phrased, but the way I see it:

Because these tools are now available whoever that is up in the management chain (possibly someone that has no idea about code or technology) is now entitled to request the undeliverable in the same amount of time.

I believe a couple of scenarios might unfold in the near mid-term future:

* Programming becomes now a task that anyone can do (assuming models outpace even the highest standards when it comes to certain software qualities). Under this premise wages go to the floor, now even grandma can do it.

* Companies still demand competent people as models plateau and do not offer outstanding software qualities yet the output is good enough that programmers should be able to do way way more than before. The job should then be high-paid but turns out highly-stressful.

* For some years eveything goes "just fine" under the vibe code party until competent people at major companies realize that have disastrous products and basically unfixable. Models start to decay. Then old school competent developers become again highly required and only a minority of "skilled-previous-generation" programmers that decided to keep doing things the old way get desperately required.

Obviously no-one has the crystal ball and anything can happen...