You're right, execs keep trying to fit the LLM square peg into the "inteligent agent" round hole.

Developers use it, for groking a codebase, for implementing boilerplate, for debugging. They don't need juniors to do the grunt work anymore, they can build and throw away, the language and technology moats get smaller.

The value of low level managers, whose power came from having warm bodies to do the grunt work, diminishes.

The bean counters will be like when does it pay for itself. Will it? IDK, IDC.

Validation efforts likely become more necessary, so costs rise in another area. And product managers find they still need someone to translate the requirements well because LLMs are too agreeable. Cost optimization still needs someone to intervene as well.

I know there's an attempt to shift the development part from developers to other laypeople, but I think that's just going to frustrate everyone involved and probably settle back down into technical roles again. Well paid? Unclear.