In terms of recovery of the job market for software developers, the next five years are going to be much, much worse. I have been using Copilot for code completion and it has improved my coding productivity by a factor of two to five.

The upshot of the introduction of these systems is this: 80% of coders - the least creative coders - will be out of work because they have been replaced by a subject matter expert who can talk to a large language model. The LLM will deliver the code. And the backend programmers, who know their way around the different AWS apps will be gone too, because the LLM will be able to plug the subsystems together as long as you are able to give it the requirements.

The only people left will be true computer scientists and creative people. The LLMs can turbocharge the abilities of the average person, but they are nothing but stochastic parrots. They are uncreative. You see that in other fields like writing and illustration. These systems can mimic humans, but they are incapable of creating something original, since, by definition, isn't in their training set.