Yes, these MBAs will be releasing products and starting businesses that were once relegated to only developers. They'll overpay for cloud hosting, completely fail to innovate, abuse their customer relationship, and make much more money than solo devs ever did. The programming mindset is restrained by unprofitable concepts like "taste" and "respect" and other nonsense principles that the industry long since forfeit to FOSS. The victor will be the contractor, the business grad and the tradespeople. The library maintainers, indie devs and SaaS addicts are going extinct.
The programmer will begin their final phase-out, the one that started when Oracle and Microsoft subcontracted their war crime software to third-world workers.