There is more to a program then writing logic. Good engineers are people who understand how to interpret problems and translate the inherent lack of logic in natural language into something that machines are able to understand (or vice versa).
The models out there right now can truly accelerate the speed of that translation - but translation will still be needed.
An anecdote for an anecdote. Part of my job is maintaining a set of EKS clusters where downtime is... undesirable (five nines...). I actively use chatgpt and copilot when adjusting the code that describes the clusters - however these tools are not able to understand and explain impacts of things like upgrading the control plane. For that you need a human who can interpret the needs/hopes/desires/etc of the stakeholders.