Unlikely, it will just eliminate the "easy" jobs. Just look at writing, mass literacy surely eliminated many jobs but lawyers are still quite well compensated. Another area is mathematics with actuaries.
Democratization of computing will lead to greater stratification of programming jobs. The "Excel Programmer" won't exist being supplanted by the "Office Drone" whereas the "Distributed Systems Engineer" (or whatever) will keep on going.
Ops is getting commoditized through no-code/IaaS-turnkey solutions -- not there yet but I can see what is hard now, becoming easy for 80% of a business needs.
Democratization of computing will lead to greater stratification of programming jobs. The "Excel Programmer" won't exist being supplanted by the "Office Drone" whereas the "Distributed Systems Engineer" (or whatever) will keep on going.