I agree, writing code is cheaper than ever ... but "writing the code" isn't the main challenge in SWE since decades.
Our IT infrastructures & applications run on a stack that has grown for the past 40 years and what we are currently doing with all this LLM & vibecode mania is adding more stuff (at an accelerated rate) on the top of the stack.
The main challenge today is combining the user requirements with the stack in a way it works, it's easy to maintain and it donesn't cost too much.