Editing is a craft. You have to watch everything, otherwise you don't know what you have.
A machine organising stringouts and selects can work for interviews, but not for action. But even then it is only parsing your media for semantic intent. It misses the way things are said, which often imparts a different meaning.
You can use AI features for editing. But it is unlikely you will be making anything very intetesting.
For interviews, this saves hundreds of hours. Giant amounts of social content are now interview-like, including podcasts.
Your argument makes little sense to me. For narrative editing, this is a minor help. For interview-like content it cuts work by 30-70% maybe. its probably a gamechanger.
If something has compiled some great selects for me, I only have material based on what is said. But I don't know how it is said - which to me is everything. Yes, this goes for podcasts too. What I make just won't be as good as if I'd have taken the time to go through everything.
I even notice this with things like NBA highlights. It's clear the editor (or bot) never watched the game. There were moments in it that are interesting and significant. Even small incidents that are actually clutch to the outcome of the match. But it is clear they've quickly compiled all of the goals and bashed out something mediocre which does not tell the story.
In a narrative film or a project of my own I’d care. In a project for hire under a tight deadline?
Why would I? The delivery is the delivery. That’s how commercials go, at least. Clients dont ask - have you seen every bit of footage - they ask - is it ready for deadline.
What? It bears no impact on if what you're making is interesting or not, couldn't matter less. People been creating amazing things with nothing, and absolute trash with everything, and also vice-versa, seems to be all up to the person's taste and skill, and less to do with the actual tools they use.
I think your mistake is to assume editing is like painting, where you can just make something brilliant with a few colours and a canvas. But editing is much more analogous to writing a book. If you have read extensively on Ancient Rome and spent time comprehending the subject, you will create something far more interesting than essentially remixing a few primer books and articles that have suggested to you by an LLM.
People have indeed "been creating amazing things with nothing" in the expressive arts, but that approach falls short when the value comes from communicating depth from narrative information.