With the amount of context awareness this AI has, there’s nothing all that special about human “art” to be honest.
Incidentally, this hasn't happened in areas where AI already dominates like chess and go. Magnus Carlsen alone probably generates more "revenue" than all chess AIs combined.
It is possible for the labor to quit and find something better to do, as happened to elevator operators, but that's a good thing.
In the case of chess, AIs don't want money and Magnus does, so they're not going to help you find ways to get more of it.