Yes, but they're still going to encounter those moments, just at different points.

The same way we never stopped encountering "Wait, what the hell?" moments when we had the internet and could search for problems instead of digging through textbooks or --help, they'll just run into those blocking moments at a higher level of abstraction, then have to backtrace the problem down to the level they need to understand to resolve the issue. Curious people continue to be rewarded with a higher ceiling, but the floor to get something functional is brought down.

The alternative is that AI just deletes software engineering as a discipline and everything gets vibecoded, which still seems unlikely even if the improvements continue to accelerate.