> The current tools just can't replace developers. They can't even be used in the same way you'd use a junior developer or intern. It's more akin to going from hand tools to power tools than it is getting an apprentice.

In that case it seems to depend on what you mean by "replacing", doesn't it? It doesn't mean a non-developer can do a developers job, but it does mean that one developer can do two developer's jobs. That leads to a lot more competition for the remaining jobs and presumably many competent developers will accept lower salaries in exchange for having a job at all.