Seems the solution here is the same it's actually always been if you want career progression: be more than just a code jockey. The true value of an engineer is to be plugged into overall roadmaps, broader thinking around product, how to achieve company goals, etc etc.
Yes, LLMs might dramatically reduce the amount of code we write by hand. But I'm a lot less convinced they'll solve all of the amorphous, human-interacting aspects of the job.