We has UI designing tools that allow children to create front-ends and basic functioning applications right now. Whether they look nice and pass UI design guidelines doesn't really matter. If unskilled people can do it today, 100 people can be doing it with 1 or 2 higher skilled bring them into line for business. Don't forget the vast majority of dev work is not sold to consumers, it's internal for several million of businesses.
Backend stuff is already well on the way to be thrown together with limited skills. Just look how trivial it is to create a whole CRM or POS system with zero programming skills. The applications might not be ideal, or efficient, but that doesn't matter. They can be put together with ease without an army of analysts and devs fucking around being pedantic with specs for $estimated_completion_date + 18 months.
It absolutely fucking matters for any company with more than 1-2 people trying to use it, but hey what do I know. I've only been doing this for 10 years!