It's the same old thing: the consolidation of the production-of-value.
That means value (i.e. things that people value) is created by fewer people using machines to increase their ability to create those things of value, be they goods (real or virtual) or services.
When the Industrial Revolution happened, cottage industries like textile generation and subsistence farming were devastated. As production became centralized and generated more and more, in farming and manufacturing and with business processes, fewer people could generate more value.
Here's a caution though: Pharmacists, lawyers, truck drivers have not been made obsolete by technology.
Another caution is this, and it's a big one: Programming is hard and complex. Many people poo-poo programming. They think because they can do simple programming tasks, programming is easy. Any idiot can do it. Low barrier to entry. Programming is, however, like math and writing. Because you can add 2+2 doesn't mean you can do advanced mathematics. Because you can write "See dog run. Run dog run" doesn't mean you can write a novel or a college textbook. Look at how Musk rolled into Twitter and was a bull in a china shop, thinking his people would master the codebase effortlessly, but instead, breaking things.
C has 32 keywords. The alphabet has 26 letters. There are 10 decimal digits and four key operators: addition, subtraction, multiplication and division. Just because you can do basic manipulation of these core character sets doesn't mean you can do advanced work with them. Linus Torvalds said that he was still working on the kernel because it's hard to program well. Linus is very, very smart and one of the top programmers in the world (Linux, git, etc).
By the way, C++ has 95 keywords; Java has 51. Those are bigger character sets than the alphabet and there are a myriad ways to combine those keywords. And even then, think about what's happening: the words are translated into machine code and then translated into boolean algebra equations as they are run through the circuits of the processor. That's quite a bit of complexity.
Is it possible that AI allows the generation of more value, like the tractor did for the farmer. But, because programming is like math or writing, I don't think AI will replace the human here.