I still don't think so, because even if makes coding easy and a lot you still need people with knowledge to deploy it to check everything work fine, QA, is not like jsust copy and paste, if you hire someone for $300 yeah you are saving a lot of money and is only to generate code using AI but how this person will know where the code is and paste the generated? what if doesn't have experience or idea about process of quality, does this person know how to do daily backups of the servers? does this person know how to restore the servers in case something goes wrong in the deployment,.
Is not only coding create copy and paste there is more work in the background, coding is just one part of a team of different developers that work together, the only difference is that instead of 10 developers you might have 8 or 7 but still depends in the growing of the bussines and if they think to expand means developers will have a extra load of work, to reach a point where only the AI can do this is way far in the future still you need someone with knowledge to generate the correct code I mean I can go on an on telling you why this won't happen at least in the next 40 years but this is my point of view and tech is moving so fast that can slap me in a reality check in a few year from now on.