Look up what a “competitive market” is, and the implications on cost to the consumer.

To be more direct, if content is cheap for everyone to produce, then they will have to compete on price to get consumers to engage with their content. This is obvious from both historical record and first principles.

Look at margins in any mature industry with high levels of competition.

Its also clear from history that unemployment created by technology gets absorbed into other types of roles. How can the US have close to an all time low unemployment rate after the industrial revolution obviated so many factory jobs?

People who fight technology have no understanding of history. Some lose, most win