Haven't we been here before?
For those of you not old enough to remember....
"Representatives enthusiastically described a language that could work in a wide variety of environments, from banking and insurance to utilities and inventory control. They agreed unanimously that more people should be able to program and that the new language should not be restricted by the limitations of contemporary technology. A majority agreed that the language should make maximal use of English, be capable of change, be machine-independent and be easy to use, even at the expense of power"
And what happened to COBOL? Far from being an enabler which rid the world of computer geeks, it simply created a new one - COBOL programmers.
Did it reduce development costs? Maybe. Did it create a whole new layer of hell? For sure.