1 we could fire a person
2 we could handle 25% more tasks, features and bugs
So I think 2 will happen.
My latest example of LLM issues,| I asked ChatGPT and competition to convert a line of jQuery into native JS, they all got it wrong because jQuery has some selectors like ":header" that is native to JS but the LLM used it anyway though somewhere in it's big memory it has the information that his is not native and if you prompt it right it will fix the issue. So seems to me the LLM are focusing too much on the prompt and failing to use it's full memory on the problem, so it can fix small individual micro tasks but is a complete waste of time for something a bit more advanced , my conclusion you can't have a manager or an artist armed with ChatGPT and create a full project without actually learning to code, at best they will learn to code from the LLM but the hard way and probably using outdated code and inefficient ways.