Let’s assume that in 10 years, AI has advanced absurdly, insanely fast, and is now capable of doing everything a Senior SWE can do. It can program in 15 different languages, 95% accuracy with almost no mistakes, can create entire applications in minutes, and no more engineers or SWEs are needed… What will all the devs do? Do they just become homeless? Transition to medical field, nursing? Become tradespeople like plumbers, HVAC?
I am starting to believe that current “AI” is way for corporate to gatekeep the knowledge and as you said lead us to idiocracy. On the other hand people always amaze me on how they can collectively find the way out from these situations and turn the cards to their side. So there is always hope.