I may get downvoted for this but

I don't agree that demand for software guys will drop.

What I think is, demand for software people will go up while wages will be suppressed. And more software will be in the market as a whole.

There are so many craftsmen in market who hardly make liveable wage, select few make a bank! Same pattern will repeat in software.

Mass market software with large-scale adoption will drop. And specialised tools and services will take its place.

Which means 1000s of calorie trackers, 1000s of image editors, etc... but as scale will drop, income and revenue of companies will also drop.

Software wages are an anomaly in select countries; I always believe software wages shouldn't be more than a plumber or mechanic.

>I always believe software wages shouldn't be more than a plumber or mechanic.

Wages in the trades have gone up a lot recently, at least where I'm from. Decades of parents telling their kids the trades are for losers lowering the supply of capable craftsmen...

And not all software will work as specialized tooling.

Calorie tracker apps? Sure.

Operating system kernels? Each with their own schedulers and allocators and ABIs and syscalls? Definitely not.