This is kind of a funny question.
I've worked in systems where we've found showstopper bugs in libraries we were using, and which upstream was either no longer maintaining, or not interested in fixing. In a language like Java, you usually can't fix internal bugs from a wrapper. (Fortunately, if they're open-source, you can at least fix them yourself.) So it's no help here.
But I'm often working in a language where you can easily modify libraries at any time, without seeing or even having their source code -- I commonly add new methods to existing classes, for example. So in this case, there's no point in wrapping: just make the change you want.
Also, does your colleague draw the line at things called "libraries"? What about Java itself? Does he wrap built-in classes? Does he wrap the filesystem? The thread scheduler? The kernel? (That is, with his own wrappers -- in a sense, everything is a wrapper around the CPU, but it sounds like he's talking about wrappers in your source repo that are completely under your control.) I've had built-in functionality change or disappear when new versions of it appear. Java is not immune from this.
So the idea to always write a wrapper comes down to a bet. Assuming he's only wrapping third-party libraries, he seems to be implicitly betting that:
- "first-party" functionality (like Java itself, the kernel, etc.) will never change
- when "third-party" functionality changes, it will always be done in a way that can be fixed in a wrapper
Is that true in your case? I don't know. Of the medium-large Java projects I've done, it's rarely true for me. I wouldn't spend effort wrapping all third-party libraries, because it seems like a poor bet, but your situation is certainly different from mine.