Just stumbled into this discussion a day or two late. Since I'm gainfully employed and developing in LabVIEW, but now 65+, I'm going to follow any further discussion. (Also, when was the last time I saw anyone make reference to HTBasic??)
I do feel your level of discomfort, though, Phillip. A lot of good points made here about why LabVIEW may be slipping in its position of being a premier development environment for automated testing, data acquisition, etc.
My text-based development experience (RMB, MS-C, MS-C++... and let us never speak again of TekTMS) is largely a distant memory after using LV for so many years (apart from begrudgingly still having to do a little VBA coding for some business-mandated Excel).
My most recent relevant story comes from watching a 20-something coworker developing with Python for a data-gathering task in an R&D lab. He seemed to be struggling mightily with a third-party graphing library, and I noted (nicely) that in LV, setting up that charting would be relatively trivial. Bright guy that he is, he installed LV (enterprise license here at Abbott), and while I feared he'd be all lost/sullen/blame-the-tool, he remarkably picked it up far faster than I recall myself doing so. I diligently provided feedback and little bits of LV code to help him get started. His first project had all the hallmarks of a first-timer, but he seemed happy with the process.
The really bizarro part of this story is the postscript; he left Abbott and is working with his father on a financial modeling project. Astoundingly, he's using LabVIEW, at least for the run-up. He says it allows his father to most easily visualize the arcane calculations and add extra inputs and outputs with a minimum of effort.
Like others, I suspect that regardless of the Emerson future plans, there will be an ongoing need for LV developers even if only to maintain projects. I still can't figure out how Python developers get good integration with the various hardware interfaces needed, nor how they create good technical graphical displays, and I very much expect I'm never going to figure that out.
Dave