I've spent 2+ decades producing software across a number of domains and orgs and can fully agree that _disciplined use_ of LLM systems can significantly boost productivity, but the rules and guidance around their use within our industry writ large are still in flux and causing as many problems as they're solving today.
As the most senior IC within my org, since the advent of (enforced) LLM adoption my code contribution/output has stalled as my focus has shifted to the reactionary work of sifting through the AI generated chaff following post mortems of projects that should have never have shipped in the first place. On a good day I end up rejecting several PRs that most certainly would have taken down our critical systems in production due to poor vetting and architectural flaws, and on the worst I'm in full on fire fighting mode to "fix" the same issues already taking down production (already too late.)
These are not inherent technical problems in LLMs, these are organizational/processes problems induced by AI pushers promising 10x output without the necessary 10x requirements gathering and validation efforts that come with that. "Everyone with GenAI access is now a 10x SDE" is the expectation, when the reality is much more nuanced.
The result I see today is massive incoming changesets that no one can properly vet given the new shortened delivery timelines and reduced human resourcing given to projects. We get test suite coverage inflation where "all tests pass" but undermine core businesses requirements and no one is being given the time or resources to properly confirm the business requirements are actually being met. Shit hits the fan, repeat ad nauseum. The focus within our industry needs to shift to education on the proper application and use of these tools, or we'll inevitably crash into the next AI winter; an increasingly likely future that would have been totally avoidable if everyone drinking the Koolaid stopped to observe what is actually happening.
As you implied, code is cheap and most code is "throwaway" given even modest time horizons, but all new code comes with hidden costs not readily apparent to all the stakeholders attempting to create a new normal with GenAI. As you correctly point out, the biggest problems within our industry aren't strictly technical ones, they're interpersonal, communication and domain expertise problems, and AI use is simply exacerbating those issues. Maybe all the orgs "doing it wrong" (of which there are MANY) simply fail and the ones with actual engineering discipline "make it," but it'll be a reckoning we should not wish for.
I have heard from a number of different industry players and they see the same patterns. Just look at the average linked in post about AI adoption to confirm. Maybe you observe different patterns and the issues aren't as systemic as I fear. I honestly hope so.
Your implication that seniors like myself are "insecure about our jobs" is somewhat ironically correct, but not for the reasons you think.