Technology has been displacing people from established jobs for as long as civilizations have existed. The world isn't going to stop moving forward just so, us, developers can keep collecting good paychecks.
Devaluing all human intelligence (which is what the endgoal of all those advanced models is) is not "moving forward" in my book.
As for the physical vs cognitive labor: we automate the bottlenecks. Back in the day that was physical and now it's cognitive labor.
Also, let's not forget that right now programmers are one of the best compensated professions. For the non-tech businesses, we are the expensive gatekeepers for the world of software. Need to build a non-trivial tech solution? You could easily end up paying hundreds of thousands of dollars for devs to write it and maintain it.
If that instead can be done by the end-user themselves or with less employees, I'm sure they will be super happy to save resources. Or maybe you don't care about these people?
Turning people into economically useless appendages (at best being consumers at the mercy of state-dispensed UBI) is not something to celebrate but a dystopia. So is destroying the ability of humans to achieve station in life because of their cognitive ability. I however don't think we will find common ground regarding that question.