Sure they do - there are a lot of people who thrive working with concrete technologies and solve relatively straight forward issues (implement this component - style work).
These people will see a brutal job market that is forcing them to take more responsibility and work at a higher level of abstraction.
This is nothing new - A bunch of people simply don't thrive well as knowledge workers. The bar for being a knowledge worker is going to go up - by a lot.
The latest tools will walk any monkey through the process of planning out and thinking through whatever they're supposed to be doing, and will then write the documentation for it. The bar is likely to go down, actually.
Yes, so when a tool is walking any monkey through a process, it does bit have a value anymore.
This is why people stopped adding word, excel and googling skills into their resumes - it is assumed that you know how to use the office suite and a browser.
State of the art tools will soon be even better at being generalists and handling abstraction than at coding. Even GPT 4 could do a better job planning a project than implementing it. The main bottleneck is context, which all of the big companies are solving by hoovering up all their internal data that's in writing into agentic knowledge graphs. The end game is fully autonomous teams of agents, led by other agents.
Project planning is not more abstraction - a lot of companies use junior staff as project managers. And sure, they will also find a hard time finding jobs, unless they can move up the hierachy.
These people will see a brutal job market that is forcing them to take more responsibility and work at a higher level of abstraction.
This is nothing new - A bunch of people simply don't thrive well as knowledge workers. The bar for being a knowledge worker is going to go up - by a lot.