As annoying as that is, we should celebrate a little that the people who understand all this most deeply are gaining real power now.
Yes, AI can write code (poorly), but the AI hype is now becoming pure hate against the people who sit in meetings quietly gathering their thoughts and distilling it down to the simple and almost poetic solutions nobody else but those who do the heads down work actually care about.
> A huge fraction of the software economy runs on CRUD and some business logic.
You vastly underestimate the meaning of CRUD applied in such a direct manner. You're right in some sense that "we have the technology", but we've had this technology for a very long time now. The business logic is pure gold. You dismiss this not realizing how many other thriving and well established industries operate doing simple things applied precisely.
Some Ella Fitzgerald for you: https://youtube.com/watch?v=tq572nNpZcw