This has happened to many past professions, and will continue to happen. Can one really make a career out of woodworking craftsmanship? Making custom furniture? Maybe a small number of people in the world can, but the rest just do woodworking as a hobby because it doesn’t pay the bills.
Software development will go this way, too, as we are all starting to learn.
The problem is people are ok with corporate, mass-produced slop—whether it be music, furniture, or (soon) software. Fewer and fewer people are willing to pay for human craftsman-produced product.