Can you seriously deny that it will take many fewer developers using LLMs to do what was done without LLMs? Many if not most software companies have either greatly slowed hiring, or laid off tranches of developers.

Not all developer jobs will disappear, but there will most certainly be fewer available. Any new grad can tell you how hard it is to find a software engineering job nowadays.

Certainly we cannot just let an AI spin and build software unattended. But what used to take days can now be done in minutes.