If you walk around in my city and open your eyes, you will see that half of the bars and restaurants are closed because there is a shortage of even unskilled staff and restaurants didn't pay enough to people. They now work in other sectors.

And yes, software developers are leaving jobs with unreasonable demands and shitty work conditions. Last not least because conserving mental health is more important. Go, for exanple, to the news.ycombinators.com forum and just search for the keyword "burnout". That's becoming a massive problem for companies because rising complexity is not matched by adequate organizational practices.

And AI is not going to help with that - it is already massively increasing technical debt.