The point is the death of the celebration of excellence and technical mastery.
Once insurmountable challenges are now trivial to implement with, as you say, "low effort."
For those who were attracted to computing by the grind and the grand narrative that you, too, with sufficient effort, discipline, and merit, could become a revered craftsman, LLMs trivialize an entire lifetime of practice. I can't think of anything more demoralizing.