"Building software" is a bit too general, though. I believe "Building little web apps for my son's school" has gotten at least 10x easier. But the needle has not moved much on building something like Notion, or Superhuman, or Vercel, or <insert name of any non-trivial project with more than 1000 man-hours of dev work>.
Even with perfect prompt engineering, context rot catches up to you eventually. Maybe a fundamental architecture breakthrough will change this, but I'm not holding my breath.
Yeah, that's not a comparison to the kinds of highly complex internal systems I worked with the Fortune 1xx companies, particularly the regulated ones (healthcare). The whole "my son's school" thing is very nice, and it's cool you can knock that out so fast, but it's nothing at all like the environments I worked in, particularly the politics.
Even with perfect prompt engineering, context rot catches up to you eventually. Maybe a fundamental architecture breakthrough will change this, but I'm not holding my breath.