In a way all we've done (currently) is drastically expand the amount of technical debt across the whole industry.
Should be profitable for the ones who can still actually program though and haven't let their skills atrophy by letting Claude do everything.
I don't deny there are use cases for LLM's I'm just don't buy the hype about them either.
As with all tools, you have to understand how to use them to get done what you need to get done without sticking the chisel through your hand.