That runs completely counter to the basics of supply and demand in a perfect competition market. It would be market with far fewer (labor) suppliers, who could therefore command a higher wage, not lower.
If you need a lot of low quality code in a hurry, AI can definitely do that for you now. The path to making money by writing mediocre code for people who don't really care that much is going to look like managing a network of bots that constantly spit out a huge volume of code that kind of mostly works and if it sometimes doesn't then whatever. The people in it for the money can probably make a decent amount in the "high volume low quality" space.
Then there's the code that needs to actually work, or have some thought put into it. Consider the process of writing IETF RFCs. Can you get an LLM to spit out English text that conforms to their formatting? Absolutely you can. Is the RFC it emits going to be something you'll want to have the whole world trying to implement as a standard? Not likely. So the people doing that are going to be doing it something closer to the old way.
As many of us in the early IT generation, I came because of I wanted to build games and program cool stuff.
Today, while I admit Games are supercomplex stunning apps, I hate it and I love to do boring finance app development :-))
If you would have told me in my 20ies that I will end up in banking & finance IT, I would have laughed at you - today I really like it and I do not play a single game anymore.
However almost all of the companies I have worked for in my 30+ years career treated devs well.
So if you are in a shitty situation, I highly recommend finding another job instead of just placing yourself over a barrel.
“Teachers work an average of 34.5 hours per week on an annual basis (38.0 hours per week during the school year and 21.5 hours per week during the summer months).”
That’s leaving out the benefits of incredibly strong union protections, it being a state job with matched benefits, absurd job security even in the face of terrible performance, etc.
Lol, try saying that to an alaskan teachers face and watch yourself get slapped for the absurdity of the claim.