I think this is largely right. Software engineering as a stable, high-earning and in demand career is a thing of the past.

Those who make it work from here are those who've changed their work completely to resemble something more like a hands-off tech lead. There will of course be the lucky few who've made it work as artisans without direct commercial pressures to conform to the new "right way to do it". But the careers many of us have had is not a path available for others to follow anymore.

The irony of automating away "inefficiencies", "drudgery" and the "labour intensive" parts of other professions stings all the more when the sharp end of that shtick is pointed back in our direction.