Yes, this is the obvious problem.

We've been through cycles like this before. Back in the day, Dreamweaver was going to put every web developer out of a job. More recently, Squarespace was going to do something similar. However, as soon as you step out of the well-trodden path, you're encountering tougher to debug issue, or you want some customization that the tools aren't aware of or designed to handle, and now you're hiring or paying a specialist again.

Yes. This is why senior+ engineers will be fine for a while. It's the future of the industry I'm worried about. We are the last generation that will know the world before GenAI.