Programming is a necessary but not sufficient condition for software products to exist. So while the programming has to be good, so too do many other things, like product vision, product management, project management, and of course there still needs to be feedback between all of the above so that engineering isn't implementing a misunderstood version of the product and that product isn't asking for 5 years and a PhD research team. And on and on and on. Typing the code is like 2-10% of actually ending up with a software project and it's more toward the 2% for a software business.
So while AI made coding maybe 110% faster, it has also made literally every other person in the process lose their gd minds and they're wanting to break or skip everything else in the process to just shit out code faster.