My impression is that LLMs, at least currently, are just like any other modest increase in the power of our tooling. CRUD apps get even easier. Simple UIs get even easier. And on the business side, no-code/low-code (no coder, no human) solutions are hyped to the moon.

But the end result will be, once (if) the economy becomes healthy again, businesses will just become more ambitious and software get more hardware intensive and slower. Same ole same ole.