No, what will happen is that time wasted believing in magical LLMs, instead of developing technical and interpersonal skills will prove unproductive longterm. Like most goldrush claims not panning out, it will be followed by broad amorality among the newly destitute.
Unproductive for the person perhaps, but not for the development of technology. But I do agree in general that using AI is not a great strategy for human beings. Read a book indeed.
Read a book.