I think people shouldn't worry too much about it because this is tied to a real financial crisis that is more concerning.
OpenAI and Anthropic are losing fuck tons of money and, even though they have hyped the fuck out of some desperate losers, they will run out of investor funds.
Purely from a financial perspective, this is a disaster that can't continue forever. Maybe not even another year.
That doesn't mean LLM tools will disappear... But they will be priced accordingly. You want to slop some app up? Great, but you'll pay for it, and likely still need engineers to read and understand that code and not rely on slop tooling to do so.
The other side to this is a generation of parents all told their kids "just get a STEM degree, preferably learn to code" because they saw programmers living well, and then a ton of people who don't care all that much about code flooded the tech industry and are learning maybe they don't want to be software engineers.
Compound that with slop tooling that is priced below cost right now and a looming financial crisis, and you have a financial disaster that will hit hard and change the industry forever regardless of whether you choose to use LLM Tools or not.
I think there will be a future for those who use LLM tools and those that don't, and it will look like a different job, and be preferable for different industries in different ways, and LLM will be a lot more carefully used due to cost being normalized. No more, "implement mergesort". People will eventually get looked down on for using it for basic shit. It will be expensive.
Maybe some corporation wants an iPhone app but doesn't want to build a whole team to make it, and it's skills none of them have. They will consider outsourcing, or slopping it. Slopping will mean quick and dirty code that can put an app together well, as long as you give it a good schema and design up front. It will cost money, but you'll have v1 in a day. And then you won't need that iPhone app team.
That's where I see LLM ending up, some prototyping tool that helps you pump out a dumb app out quickly if provided good instructions up front, and priced accordingly.