the physical act of writing code is different than the process of developing software. 80%+ of the time working on a feature is designing, reading existing code, thinking about the best way to implement your feature in the existing codebase, etc. not to mention debugging, resolving oncall issues, and other software-related tasks which are not writing code
GPT is awesome at spitting out unit tests, writing one-off standalone helper functions, and scaffolding brand new projects, but this is realistically 1-2% of a software developer's time