Comment by weatherlite

I'm sure lots of potential students / bootcampers are now not going into programming (or if they are, the smart ones try to go into niches like A.I and skip web/backend/android altogether). This will work against the numbers of jobs being reduced by A.I. It will take a few years though to play out , but at some point we will see smaller amounts of people trying to get into the field and applying for jobs, certainly for junior positions. We've already had ~ 2 bad years, a couple more like this will really dry out the numbers of newcomers. Less people coming in (than otherwise would have) means for every person who retires / leaves the industry there are less people to take his place. This situation is quite complex with lots of parameters that work in different directions so it's very early to try to get some kind of read on where this is going.

As a new career I'd probably not choose SWE now. But if you've done 10 years already I'd ride it out, there is a good chance most of us will remain employed for many years to come.