IMO the fear is that software engineering becomes a _high_-skill profession.
If the models get good enough to solve all of the low-skill problems, then we only need to keep around the people who are highly skilled. That means a fewer number of software engineers, and a difficult path to becoming someone who is highly skilled.
If the models get good enough to solve all of the low-skill problems, then we only need to keep around the people who are highly skilled. That means a fewer number of software engineers, and a difficult path to becoming someone who is highly skilled.