"The stakeholders who desire applications are not willing to buy it at it's current price; either because they know that the application is not valuable or do not know the application is valuable."
Kind of, but the real way I see it is: “there is a whole wide swath of problems that would benefit from simple programming/automation, but they aren’t ROI positive to pay a professional programmer to do.” So the no/low code stuff can change that and lower the barrier to introduce automation and programmability to a big tranche of problem areas that aren’t served by ‘traditional’ development. I don’t see that as a bad thing.
There’s plenty of people who knows how to program. There are not as many who know how to program and have the patience, inclination, and social skills to figure out what the programs actually need to do.
I know unemployed programmers so it's no shortage of supply.