I don't know how much SWE get paid in your area, but I sure hope it's not 1000$/month.

Though I'm aligned that I don't (yet) believe in this "AI writes all my code for me" statements.

It includes that with AI you still need someone to work. First to query the AI and then to fix up something and to bring it in a form you can release and use.

$5.75/hr is well below outsourced rates. It’s $1.40/hr if the agent runs without stopping. If I hired a human consultant for a project of any size, I could easily spend $10,000 or more on just scoping and contract approval. Humans don’t win on cost.

Right now they still need someone typing prompts and verifying them. When they do what you intend it means that is no longer more work to handhold them than doing it yourself, but it is still work.