That could be the case. But if other companies figure out a way to deliver good code with AI, then the company with the luddites is going bankrupt. Luddites are better than slop generators, but both are worse against a developer with AI who actually cares and has a deep understanding of the code base and programming.
I don't think that's true.
I don't think companies are living and dying, by how much code they can produce. Even tech companies.