But you can't read it, you said it yourself.
It's not a new way to write code, it's a new way to be illiterate while reusing other's code, sometimes a bit scrambled and patched here and there.
Which is fine, I use software libraries all the time, which I didn't write, I just don't pretend I'm their author (except when I actually am).
If you cannot *think* in code you literally cannot have many computational ideas that those who do write code can have.
The "new way" you are referring to is by writing in natural language, is it not? Many ideas are much easier to describe in code than they are in natural language. You wouldn't know or understand this because you can't have such ideas. It's those who do have such ideas that move software forward, not those who build the next app none asked for on top of them.
Even without new computational ideas, if you cannot read code, you cannot asses its quality. You can, of course, see that a program appears to behave as intended, but that's not the same as its codebase being a high-quality one. It especially isn't when it comes straight from a slopbot.