Let's take a hypothetical where we really do all stop reading or writing code, because the models and tooling get good enough. In that scenario I would still argue for this of thing. Studying algorithms gives you a lot of insight and a powerful way of thinking. This class of problems is ultimately about how aspects of software work, so having some familiarity with famous algorithms is part of computer literacy. I'm not saying that you need to be an expert, but struggling to solve a few hard algorithm problems teaches a lot.