Yes, actually that's what I'd had argued a few years ago as well.

It turns out that there are now a few more people that want to get their hands on building software, that don't necessarily understand code, but do have a fundamental idea of system design / requirements.

As you said code has always been a much more explicit representation of those specs, yet arguably introduces lots of noise, necessary to make the program compilable.

Us devs already had the obligation of writing technical documentation for non-technical people, just not at an explicit depth. From an efficiency PoV making that documentation more explicit is much cheaper than manually writing the compilable code. Hurts to say but AI got pretty good with the latter.