The lastmodifiedat message, which appears in the footer, shows the date of the last edit on the page itself, and doesn't take into account changes that were made because of editing in the templates that appeared on the page.
This may get extreme: For example, as of today (April 17 2017), the main page of the Hungarian Wikipedia says "This page was last modified on 11 June 2016, at 07:29.", even though the page includes today's current events. All of this page is edited through templates. I'm giving Hungarian and not English as an example because in the English Wikipedia this element was completely hidden in 2009 (!) using .page-Main_Page #footer-info-lastmod { display: none !important };.
Editors who need the last modification date of the page itself know that they can easily find it in the page's history. If this message is useful to anybody at all, then it's readers, but it should show the actual modification date, which takes templates into account. And I suspect that if it's removed entirely, no one will care or indeed even notice.