But I don't see how this is good news at all from a societal POV.
The last 15 or so years has seen an unprecedented rise in salaries for engineers, especially software engineers. This has brought an interest in the profession from people who would normally not have considered SW as a profession. I think this is both good and bad. It has brought new found wealth to more people, but it may have also diluted the quality of the talent pool. That said, I think it was mostly good.
Now with this game-changing efficiency from these AI tools, I'm sure we've seen an end to the glory days in terms of salaries for the SW profession.
With this gone, where else could relatively normal people achieve financial independence? Definitely not in the service industry.
Very sad.