I have a view that we are shifting from the traditional form of Engineering into a more AI guided form, where may be we are not learning as much about the code but about how we can produce that code with correct instructions and high level design.

It's like how we might not know how sewing is done but we know how to put instructions in a loom to produce it. I also agree it is still important to read that code and understand how it works, may be take a moment to see what is happening but we are learning something entirely different here.