Depends on the niche (software is broad) but I think as a whole for the large software efforts employing a good chunk of the market - I think so. Two main reasons for thinking this way:
- Software scales; generally it is a function of market size, reach, network effects, etc. Cost is a factor but not the greatest factor. Most software makes profit "at scale" - engineering is a capital fixed cost. This means that software feasibility is generally inelastic to cost or rather - if I make SWE's cheaper/not required to employ it wouldn't change the potential profit vs cost equation much IMV for many different opportunities. Software is limited more by ideas, and potential untapped market opportunities. Yes - it would be much cheaper to build things; but it wouldn't change the feasibility of a lot of project assessments since cost of SWE's at least from what I've seen in assessments isn't the biggest factor. This effect plays out to varying degrees in a lot of capex - as long as the ROI makes sense its worth going ahead especially for larger orgs who have more access to capital. The ROI from scale dwarfs potential cost rises often making it less of a function of end SWE demand. This effect happens in other engineering disciplines as well to varying effects - software just has it in spades until you mix hardware scaling into the mix (e.g GPUs).
- The previous "golden era" where the in-elasticity of software demand w.r.t cost meant salaries just kept rising. Inelasticity can be good for sellers of a commodity if demand increases. More importantly demand didn't really decrease for most companies as SWE salaries kept rising - entry requirements were relaxing generally. The good side of in-elasticity is reversed potentially by AI making it a bad thing.
However small "throwaway" software which does have a "is it worth it/cost factor" will increase under AI most probably. Just don't think it will offset the reduction demanded by capital holders; nor will it be necessarily done by the same people anyway (democratizing software dev) meaning it isn't a job saver.
In your case I would imagine there is a reason why said software doesn't have SWE's coding it now - it isn't feasible given the likely scale it would have (I assume just your team). AI may make it feasible, but that doesn't help the OP in the way it does it - it does so by making it feasible for as you put it junior out of uni not even "SWE" grads. That doesn't help the OP.
- Software scales; generally it is a function of market size, reach, network effects, etc. Cost is a factor but not the greatest factor. Most software makes profit "at scale" - engineering is a capital fixed cost. This means that software feasibility is generally inelastic to cost or rather - if I make SWE's cheaper/not required to employ it wouldn't change the potential profit vs cost equation much IMV for many different opportunities. Software is limited more by ideas, and potential untapped market opportunities. Yes - it would be much cheaper to build things; but it wouldn't change the feasibility of a lot of project assessments since cost of SWE's at least from what I've seen in assessments isn't the biggest factor. This effect plays out to varying degrees in a lot of capex - as long as the ROI makes sense its worth going ahead especially for larger orgs who have more access to capital. The ROI from scale dwarfs potential cost rises often making it less of a function of end SWE demand. This effect happens in other engineering disciplines as well to varying effects - software just has it in spades until you mix hardware scaling into the mix (e.g GPUs).
- The previous "golden era" where the in-elasticity of software demand w.r.t cost meant salaries just kept rising. Inelasticity can be good for sellers of a commodity if demand increases. More importantly demand didn't really decrease for most companies as SWE salaries kept rising - entry requirements were relaxing generally. The good side of in-elasticity is reversed potentially by AI making it a bad thing.
However small "throwaway" software which does have a "is it worth it/cost factor" will increase under AI most probably. Just don't think it will offset the reduction demanded by capital holders; nor will it be necessarily done by the same people anyway (democratizing software dev) meaning it isn't a job saver.
In your case I would imagine there is a reason why said software doesn't have SWE's coding it now - it isn't feasible given the likely scale it would have (I assume just your team). AI may make it feasible, but that doesn't help the OP in the way it does it - it does so by making it feasible for as you put it junior out of uni not even "SWE" grads. That doesn't help the OP.