The fundamentals of writing correct code have become dramatically cheaper by orders of magnitude. I have been involved in hiring dozens of developers. Fable/Opus 5.5 would be a superior drop-in replacement for perhaps 75% of those hires at roughly 1/100 the cost.
Perhaps for writing boilerplate, or generic websites from scratch, or early stage prototypes.
I work in embedded systems where it's harder to offload the burden of testing and maintenance. Systems knowledge is important: experienced developers can be costly to replace.
LLMs make a lot of things easier, but costs have certainly not fallen by 2 orders of magnitude.