LLMs/"Vibe Coding" is probably a little bit more useful than the average intern with some tasks bumping up to an early career hire (what would historically be a Junior Engineer before title inflation/stagnation).

As in: it can generate code that might do what you want. But you need (actual) senior engineers to review the code thoroughly. And... how do people get the experience they need to do that?

Which basically results in turning everyone into a manager. Except your reports aren't humans and you don't get more pay. Instead your reports are vscode plugins. Which... sounds like absolute hell but I can get why the (wannabe) management class loves that.