Hot take: only PMs need to code now. With Claude 4.6 Opus, the engineer skill set is no longer useful. Why are we hiring people with code writing ability when code writing ability has no value anymore?
The general point is that separating PM and eng doesn't make sense any longer. Which subsumes which is an interesting debate.
Your argument that 4.6 Opus makes the engineering skill set useless is totally false and maybe shows you haven't built anything complicated, but it is possible that Opus 5.2 will get there.
In my job I struggle to find time for the coding I need to get done, in between all the other stuff I also need to do. If the coding part goes that much quicker with AI, then I can do the rest of my job better.
So AI is merely letting me focus more on the other parts. Some developers don't like this. I kind of do.
Opposing Hot take (possibly missing the joke....):
Coding was never the most valuable skill a software engineer contributed. Socially-capable engineers are going to be far more likely than PMs to 'shine' when agents can write code and engineers are afforded more time to engage with busines/customers/stakeholder/domain experts.
If my experience is any reflection of the norm, the avg PMs greatest value has never come from effectively determining the value or requirement of a product or translating requests/feedback to meaningful deliverables. It's been in providing cover (time) for engineers that could do the same job better, but are irreplaceable in the development process and so are more rare/valuable spending time doing development. When engineers no longer need to write code, they are a more direct line to effectively solving "Product-Led" business needs with technical solutions than a typical PM will be.
Just wait what you pay for the tokens when the enshittification has started and the bubble bursted. In some years you will see that no new engineers are coming along and your products are dying on edge cases that the AI can't handle all together.