The question I think is, to what degree will this new productivity open new markets in addition to disrupting existing ones?

If AI ends up being able to be consistently and easily effective at creating software, what new things can we pull off that used to be completely non-viable?

We could end up with a wave of new companies as people rediscover old ideas that only now make sense to pursue.

How painful the disruption in the meantime will be is a tricky thing to predict.