Low-Code Development vs. Traditional Coding: What's the Difference?

I still have trouble being convinced that low-code solutions will ever be able to overtake the status quo of writing code... "with programming languages." I'm sure I'm biased as a software engineer whose job is largely doing what this argues can be abstracted away. But I feel like at any sort of scale, you'll need to a level of customization and granularity that low-code solutions can't provide.

In my opinion, this is why Squarespace is great for building proof-of-concept splash pages, or e-commerce shops or restaurants - but you don't see any web-app-based company with any sort of scale using a vanilla Squarespace site.

If someone has a differing opinion, I'd love to hear it because maybe I'm missing something - because to me, this is akin to asking hedge funds to just use Robinhood for all their trading.