I think this will result in classic Jevons paradox: https://en.wikipedia.org/wiki/Jevons_paradox . As the price of writing any individual function/feature goes down, the demand for software will go up exponentially. Think of how many smallish projects are just never started these days because "software engineers are too expensive".
I don't think software engineers will get much cheaper, they'll just do a lot more.
I don't think software engineers will get much cheaper, they'll just do a lot more.