To my mind though this is only half the question. Let's assume that every company goes from 100 to 5 engineers - I could see that. But today, almost every compa

To my mind though this is only half the question. Let's assume that every company goes from 100 to 5 engineers - I could see that. But today, almost every company (aside from behemoths like FB, Google, etc) are engineer starved - they'd like to do so much more, but they don't have enough engineering manpower. One possibility is that, yes, engineers become much less in demand. But there's another possibility where the number of companies explodes because the amount of software that can be built is no longer bottlenecked on the number of engineers you can hire.