They're making money, which is more than most ICs living in cost centers can say.
The human code monkey sometimes thinks too highly of the task of coding. That's never once been the job to be done.
Every engineer is going to become a master of understanding and measuring need, opportunity cost, organizational support and headwinds, political will, etc. These are the true features of the job. The coding part will fall away entirely.
Deliver value. Code used to be the expensive part, but now it's becoming cheap, fungible, and ephemeral.
JFC, get off the Kool-Aid dude ;)
...of course you're likely just trolling, hard to say with the drivel coming out of Silicon Valley the last few years. In that case: my apologies and keep up the good work :D
This all assumes LLMs can maintain a steady state of code while extending it.