It seems you are missing a lot of "ifs" in that hypothetical!
Nobody knows how things like coding assistants or other AI applications will pan out. Maybe it'll be Oracle selling Meta-licenced solutions that gets the lion's share of the market. Maybe custom coding goes away for many business applications as off-the-shelf solutions get smarter.
A future where all that AI (or some hypothetical AGI) changes is work being done by humans to the same work being done by machines seems way too linear.
Nobody knows how things like coding assistants or other AI applications will pan out. Maybe it'll be Oracle selling Meta-licenced solutions that gets the lion's share of the market. Maybe custom coding goes away for many business applications as off-the-shelf solutions get smarter.
A future where all that AI (or some hypothetical AGI) changes is work being done by humans to the same work being done by machines seems way too linear.