People hire teams from some countries because they are cheap and they are terrible. LLMs are not good but better than many of these and cheaper. It's not really changing much in code quality or process, just a lot cheaper.
I agree with all remarks you made; but how old are you? As it all seems pretty naive? The world unfortunately is only about money and nothing else, it is terrible but it is. Better worlds are eradicated by this reality all the time.
