Good piece! I'd added one more dimension to this, which is not considered: Standartization. Till this day we have yet to see even perfect Excel and MS Word compatibility after decades of development!

There certainly will be domains, which will benefit from low-code (for example, I still remember how great HyperCard was back then for "citizen developers" to create a lot of educational software for Apple Macs), it's not that universal.

Even if we will have some low-code systems, I believe it will be more like the usual Microsoft: There will be hordes of "a la VBA" developer companies writing macros and scripts for low-code systems.

Unless business learned anything from the past, there will be a new IT bubble (author of this article hinted at that), nouveau riches and casualties. Hopefully, it will not go as bad as real human casualties (any signs Boeing will embrace low-code for it's avionics anyone?)

As a developer I must admit though that developing low-code tools is a fascinating undertaking! Maybe, we should fisrt write low-code tools, which will help create those tools?