My guess is: on one side, things like squarespace and wix get super super good for building sites that don't feel like squarespace and wix, (I'm not sure I'd want to be a pure "website dev" right now - although I think squarespace squashed a lot of that long ago) - and then very very nice tooling for "real engineers" (whatever that means).
I'm pretty handy with tech, I mean last time I built anything real was the 90s but I know how most things work pretty well. I sat down to ship an app last weekend, no sleep and Monday rolling around GCP was giving me errors and I hadn't realized one of the files the LLMs wrote looked like code but was all placeholder.
I think this is basically what the anthropic report says, automation issues happen via displacement, and displacement is typically fine, except the displacement this time is happening very rapidly (I read in different report, expecting traditionally ~80 years of displacement happens in ~10 years with AI)
If you've found any Excel guru that don't spend most of their time in VBA, you have a really unusual experience.
So, not really "no-code".
No-code in excel is that most functions are implemented for user and user doesn’t have to know anything about software development to create what he needs and doesn’t need software developer to do stuff for him.
I believe that there's a "optimal" level of abstraction, which, for the web, seems to be something like the modern web stack of HTML, JavaScript and some server-side language like Python, Ruby, Java, JavaScript.
Now, there might be tools that make a developer's life easier, like a nice IDE, debugging tools, linters, autocomplete and also LLMs to a certain degree (which, for me, still is a fancy autocomplete), but they are not abstraction layers in that sense.