I am 25 but as someone who came into this field very passionate and competent, this was my initial reaction and it sat uncomfortably with me for many months. I still have nostalgia (mainly from a younger age). On work feeling more honest, I think this is a result of an institutional attack on software engineering rather than a new reality of these tools. Like what happens to many other labor forces in history as you mention with artisan cobblers. In some ways it is a consequence of technology but it definitely also weaponized to hurt labor and consolidate power.
In the case of AI-assisted coding, this manifests in a culture of distrust and disrespect toward engineers, both from the bottom-up and top-down. Managers will devalue their engineers by using AI to bypass them. Peers and reports will use AI to exaggerate progress in lockstep with management. No is no longer an easy vocabulary choice when dealing with power because previously technical prowess was definitive, now it can be made “advisory”. I think this is very wrong and stupid but the market can be irrational longer than you can be solvent or something like that.
I still think it is though, that technical knowledge is still supreme. Maybe this is a cope but I find AI tooling very empowering (minus the walled garden nature of it which can be mitigated through local usage but this is problematic in its own regard). Management, pundits, and tech CEOs can frame it however they want but I feel more technically capable than at any point of my technology journey. Not at work, not in academia, but objectively from me knowing myself. We can do more in less time if we know what to do.