We'll reap the productivity benefits from this new tool, create more work for ourselves, output will stabilize at a new level and salaries will stagnate again, as it always happens.
It took under a decade to get AI to this stage - where it can build small scripts and tiny services entirely on its own. I see no fundamental limitations that would prevent further improvements. I see no reason why it would stop at human level of performance either.
How can you say this when progress has so clearly stagnated already? The past year has been nothing but marginal improvements at best, culminating in GPT-5 which can barely be considered an upgrade over 4o in terms of pure intelligence despite the significant connotation attached to the number.
Even o1 was a major, groundbreaking upgrade over 4o. RLVR with CoT reasoning opened up an entire new dimension of performance scaling. And o1 is, in turn, already obsoleted - first by o3, and then by GPT-5.