No software company I have ever worked at had an excess of worker productivity. There were always at least 3-5X as much work needing to be done, bugs needing to be fixed, features that needed to be implemented than engineers to do it. Backlogs just grew and grew until you just gave up and mass-closed issues because they were 10 years old.

If AI coding improves productivity, it might move us closer to having 2X as much work as we can possibly do instead of 3X.