This is also my take. When the printing press came out, I bet there were scribes who thought, "holy shit, there goes my job!" But I bet there were other scribes who thought, "holy shit, I don't have to do this by hand any more?!"
It's one thing when something like weaving or farming gets automated. We have a finite need for clothes and food. Our desire for software is essentially infinite, or at least, it's not clear we have anywhere close to enough of it. The constraint has always been time and budget. Those constraints are loosening now. And you can't tell me that when I am able to wield a tool that makes me 10X more productive that that somehow diminishes my value.