Bootcamps are filling a void which existed for a long time in the CS industry. Most of the time, A CS grad is hired to do a job that can be done by someone with little programming knowledge. I feel it is a waste of resources to hire a CS grad to do CRUD app with maximum 5 users on a very good day.

Now companies can use people from bootcamps for such kind of jobs and use CS grads for deep and high level stuff. Surely some top bootcampers will be able to do high level stuff too.