I've been hearing this for years now, and it's not my experience so my conclusion is that it's only true for a subset of software engineering that is overly represented on internet forums like here. I imagine if you work in the tech industry on a software product the latest capabilities are game changing. But for the majority like me who work in non tech industries where code was never the hard part of projects to begin with there has been little evolution in the job in one year. Sonnet 4.5 one year ago could already write the code. Most of the job is working out with other humans on the client/business side. To progress beyond that not only would AI need to have a human level cognitive/world model to understand all the dynamics, but also have access to all the information that only people have in their head, as what is written and in specs is only a tiny part of how a business works day to day in reality.
Not saying there is no disruption. Just giving the perspective that in software outside the tech industry there is no vertical acceleration happening, much less in day to day operations outside of software. The tech industry is a big part of the economy, but not all.