Probably.

1. One of the two major employers of programmers, tech companies, have significantly curtailed future development of their products as the cost/benefit ratio isn’t worth it. That isn’t projected to change in the near future.

2. Companies that have full WFH are no longer constrained by office location in hunting for talent. A Bay Area programmer now has to compete with someone in Tulsa or Mexico City, which have far lower costs of living.

3. AI slop will probably get good enough to do basic tasks. So, companies who only need a little programming talent may be able to get by on shitty AI code instead of hiring a second or third developer.