I generally agree with you except that all the wages may go up: there are tools that directly replace people and their wages go down or just disappear from the

I generally agree with you except that all the wages may go up: there are tools that directly replace people and their wages go down or just disappear from the scene. AI is just one powerful example but there are a lot of recent example that sounds more basic: before [Twitter] Bootstrap was created companies of all sizes hired graphic designers to create their web page. Most of this work now is compressed in time and the same graphic designer do a smaller part. At the same time, in the software development field we invent all kind of tool that increase the size of the team for other kind of people (e.g. React developers). Regarding AI, Low Code, or whatever concepts we use in the following year I think the role of software development will also decrease.