I mean last year our town lost it's last custom suit tailor to retirement. In a Peruvian town I saw a cobbler making shoes by hand, cutting soles from foot tracings. Custom suits and shoes have been greatly impacted by factories pumping them out. Now, you may not respect the sartorial arts (and frankly neither do I really), but to those that do something really meaningful was lost there. Perhaps, many will go out of business, but some few will remain like forementioned tailor and cobbler. That's always been okay before.

And Frankly, the best art has always been created by people who couldn't afford to do it full time. Art will not suffer.