I'm going to age myself real-bad here, but I remember back when RAD ("Rapid Application Development") was the hotness of the 90s. Microsoft Access, Visual Basic (6), and even web-development itself (e.g. PHP/Wordpress).

People today likely cannot relate, but a big concern back then was identical: If the non-tech users can write their own code/and or code is easier to write, why even learn to be a programmer? What's the point?

It seems absurd now but legitimately it was exactly the same stuff. Like then, programmers will fall into two camps, those that keep up and those that fall behind. The thing with LLMs (and agentic) is that it doesn't change WHAT we do but rather HOW we do it.

So will programmers exist in the early 2000s after RAD? Well turns out, yes, and in expanded numbers. Businesses just expected more from technology, and the personnel gap never really closed. With LLMs the same will likely happen - same number of people, higher expectation.

The limit on how many programmers they'd hire was never "wants." They always wanted more than they could get. The limit was budgets/money. Now more "wants" can be fulfilled (just like post-RAD/web), but the budgets are more or less similar.

PS - Although it should be noted that the economy is not in a good place currently, and we're seeing an unusual employment environment. A lot of which "AI" is blamed on, least of all because companies can save face that way.