Yes that is true. But now we have a situation where in 5 years, the pool of available software engineers might grow from, I don't know, 10million people to 200million. Just like every person became a photographer with smartphones. This makes being a software engineer not a great career anymore. Unless you are a great programmer, just like the great photographers. But that will be a way smaller pool than the current highly paid software engineers.
Aren't they? I work with a few people that I'm sure the productivity would be higher without them, and that is not my first team like that. As I'm not the owner, I don't care, better to get this money out of tech to people's pocket. Stocks are already too high.