The optimistic view of all of this is that these tools will give people with skill and experience a massive productivity boost, allowing them to do the best work of their careers.
There are plenty of pessimistic views too. In a few years time we'll be able to look back on this and see which viewpoints won.
I think Cleo Abrams on YT recently tackled this exact question. She tried to generate art using DALL-E along with a professional artist, and after letting the public vote blindly, the pro artist clearly 'made' better content, even though they were both just typing into a text prompt.
Here's the link if you're interested: https://www.youtube.com/watch?v=NiJeB2NJy1A
I could see a lot of digital artists actually getting better at their job because of this, not getting totally displaced.
That being said, it’s possible that it won’t pay anywhere near what you’re used to. Either way, it will probably be a solid decade before you’ve really felt the pain for disruption. MP3s, which were a far more straightforward path to disruption took at least that long from conception.
Also won't nearly require the amount of work it used to.