I think not only is this possible, it's likely for two reasons.
1. A lot more projects get the green light when the price is 5x less, and a many more organizations can afford custom applications.
2. LLMs unlock large amounts of new applications. A lot more of the economy is now automatable with LLMs.
I think jr devs will see the biggest hit. If you're going to teach someone how to code, might as teach a domain expert. LLMs already code much better than almost all jr devs.
1. A lot more projects get the green light when the price is 5x less, and a many more organizations can afford custom applications.
2. LLMs unlock large amounts of new applications. A lot more of the economy is now automatable with LLMs.
I think jr devs will see the biggest hit. If you're going to teach someone how to code, might as teach a domain expert. LLMs already code much better than almost all jr devs.