My experience with LLM assisted coding is that I need a technical hand on the steering wheel to get something workable out it. Otherwise, what comes out is a brittle, non-functional mess that only in the most tenuous way resembles what I had in mind.
The job was never to type the code out. The job was always to take a problem in the real world, and shape it into a model which can be implemented in software. What LLMs do not do is to architect a system of suitable complexity to the scope of the problem. If you give a low skill worker the job of writing the prompts you will first get a prototype. Then a prototype with more features tacked on. Then a prototype with so many features tacked on that it breaks under its own weight.
Software engineers know system design, and can adapt the system design to the scope of the problem. Are we creating a single piece which will eventually expand into a big system, we need to design completely differently from if we are creating a robust stand-alone thing, which just needs to do one thing and do that one thing really well.
If anything, we will need stricter skill requirements for software engineers. Just because anyone can produce code which runs now, does not mean we should let anyone loose on creating the critical software infrastructure of our society.