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having used ChatGPT in work by El capitan
I don't think it's as close to as disruptive as you're suggesting. Within software development, it's good at giving you some boilerplate -- "give me a baseline React project that does basic thing X." The GPT4 demo where he shows a hand drawn picture that GPT4 wrote as a static webpage is impressive, but is more on the parlor trick/convenience end of the spectrum than 'replace all coders.'
A good counter example is how AlphaFold -- DeepMind (from Alphabet) -- is changing biology. It basically solved a 50 year old grand challenge on protein folding. However, biologists and bio-chemists are even more relevant than ever because of what this has unlocked.
Labor-creation has almost always muted the effects of the labor-replacement impact of technology.