I understand what you mean but speakers and recording equipment destroyed the economics of paying people to play music a long time ago.

It's another way of looking at the problem.

Smartphone cameras and easy-to-use professional equipment were thought to destroy the photography profession, yet photographers still exist, although we have to admit not as many as in the past.

If I had a company with a budget, I wouldn't waste my time using Claude to create art, even if it meant I could do all myself.

Certainly people who earned top dollar for doing something that AI can easily do now are going to be displaced, however the world of top dollar business has never been that big for the middle class of artists to begin with.