"100% AI-generated code soon" doesn't mean no humans, just that the code itself is generated by AI. Generating code is a relatively small part of software engineering. And if AI can do the whole job, then white collar work will largely be gone.

I agree, but it seems like if we can tell the AI "follow these requirements and use this architecture to make these features", we're a small step away from letting the AI choose the requirements, the architecture and the features. And even if it's not 100% autonomous, I don't see how companies will still need the same number of employees. If you're the lead $role, you'll likely stay, but what would be the use of anyone else?