Assuming it actually happens, how different is it from a ton of other things? Hpw many rote sysadmin or paralegal tasks of 20 years ago still need basically a warm body to do them?
Content farms and other low-end writing almost certainly will be impacted significantly. But that was mostly not a good place to be anyway. Writing generally isn't a good bet unless it's effectively in support of something else that pays the bills or you get very lucky.
From that framework, debugging is the new code monkeying... anyone have thoughts on that analysis?