Unsurprisingly, they don't work as software engineers at the moment.
They are technically part of the group of potential employees for technical work, but they are arguably worse than someone who skimmed Python for Dummies.
Perhaps true, but this:
> I know a bunch of CS degreed people who got out of virtually every coding course in university.
is arguably a different problem, because CS isn’t Software Engineering, though the right focus within CS study can be a good preparation for work in software engineering.
> They are technically part of the group of potential employees for technical work,
If they aren’t working as software engineers and aren’t seeking jobs as software engineers, are they really?
Practically, no, but for the purposes of surveys and government reports, yes.
Training for professional roles (like engineering) is essentially vocational training. There is an industry need that drives the curriculum requirements.