I'm kinda leaning towards the analogy that LLMs are to programming as textile machines were to the loom.

People still pay for hand-knit fabrics (there's one place in Italy that makes silk by hand and it costs 5 figures per foot), but the vast majority is machine made.

Same thing will happen to code, unless the bubble bursts really badly. Most bulk API Glue CRUD stuff and basic web UI work will be mostly automated and churned off automated agentic production lines.

But there will still be a market for that special human touch in code, most likely when you need safety/security or efficiency/speed.