If you aren't, then sure you'll be a PM with a lackluster team of engineers.

LLMs can engineer small well defined functions / scripts rather well in my experience. Of course it helps to be able to understand what it outputs and prod it to engineer it just the way you want it. Still faster than me writing it from scratch, most of the time. And even if it's the same time as me doing it from scratch it feels easier so I can do more without getting tired.

That sounds awful. Every PM I've ever met, I did their job for them. They did nothing. And I've met some heavy hitter PMs with a lot of stripes and recommendations.

The job of being a PM is over-exaggerated. It boils down to writing things down and bringing them up later. Something I ended up doing for them, because they didn't know enough to know what to write down. Their skills are interviewing well and drinking beers with important people.

So what you said is a dreadful future, if true.

And side note, my last PM didn't even take notes, he had AI do it for him. They were always wrong. I had to correct them constantly.