Sure but have you ever seen it actually play out in practice like it currently is? Whether or not it's true (of course it's not) people are currently behaving as if it is and firing/hiring accordingly.

Well, when was the last time you wrote machine code by hand?

... but then they went and changed what coding meant.

We've always been layering abstractions on top of abstractions. If we get to an abstraction that works well enough that you no longer have to dive down into the previous layer, we say we've solved coding, and change what coding means. Obviously LLMs aren't there yet.