The problem isn't the amount of code, it's how fitting/unfitting the abstractions are. Wrong abstractions are bugs in waiting. If there's much code with wrong abstractions, future change becomes difficult.
Source: me, I've created many bad abstractions and they led to much pain...
On a more serious note, I wonder if this might eventually encourage people to use languages that are a little harder to write but much more concise (functional languages for instance). When you're paying per-token enterprise bean java style verbosity totally sucks
At work we are integrating with third party platform to automate excel-powered calculations. It is awful. Rendering the table in browser takes 10s or one click on Export button will throw backend in OutOfMemory state.