On one hand I also lament the amount of hardware-potential wastage that occurs with deep stacks of abstractions. On the other hand, I've evolved my perspective into feeling that the medium doesn't really matter as much as the result... and most software is about achieving a result. I still take personal joy in writing what I think is well-crafted code, and I also accept that that may become more niche as time goes on.
To me this shift from software-as-craft to software-as-bulk-product has some similarities to the "pets vs cattle" mindset change when thinking about server / process orchestration and provisioning.
Then also on the dismay of JS becoming even more entrenched as the lingua franca. There's every possibility that in a software-as-bulk-product world, LLM-driven development could land on a safer language due to efficiency gains from e.g. static type checking. Economically I wonder if an adoption of a different lingua franca could manifest by way of increasing LLM development speed / throughput.
Why does an LLM need to produce human readable code at all? Especially in a language optimized around preventing humans from making human mistakes. For now, sure, we're in the transitional period, but in the long run? Why?
If you take your question and look into the future, you might consider the existence of an LLM specifically trained to take high-level language inputs and produce machine code. Well, we already have that technology: we call it a compiler. Compilers exist, are (frequently) deterministic, and are generally exceedingly good at their job. Leaving this behind in favor of a complete English -> binary blob black box doesn't make much sense to me, logically or economically.
I also think there is utility in humans being able to read the generated output. At the end of the day, we're the conscious ones here, we're the ones operating in meatspace, and we're driving the goals, outputs, etc. Reading and understanding the building blocks of what's driving our lives feels like a good thing to me. (I don't have many well-articulated thoughts about the concept of singularity, so I leave that to others to contemplate.)