Firstly what kind of IT workers are we discussing? IT support, web designers, network administrators, software developers, architects, computer science professors? There's a difference.
Anyway. I personally got my first tastes of programming as a kid about thirty years ago. I have a bachelor's degree in computer science and have been working as a developer and also as a development manager for many years. Currently I'm working full time and at the same time I'm studying part time for my master's degree.
And I'm actually quite impressed by the students I've met at the university. They don't have much real work experience in development, but they most certainly are very intelligent and talented. Some will go on to take a PhD, some will start working in the business after finishing their master's degree. No matter what direction they decide to head towards, I'm 100% confident that the next generation will be excellent at diagnosing problems, developing solutions, implementing them, and everything else that is needed. I'm not at all worried for the future of computer science anymore.