That's what I mean: fewer jobs for the same number of engineers would mean greater competition for each job.
And given how much of an accelerant GPT is, I think learning how to prompt and validate responses will be increasingly important.
For example, if you compare an average CS grad with a 4y career to an average CS grad with a 6 year career, the more experienced developer might be 5-20% more efficient.
But with GPT, an engineer who writes amazing prompts versus might be 2-4x more efficient than an engineer that writes average prompts and has to spend time fixing code, debugging or re-prompting.