Precisely.
According to the video, the click farmers will like the page itself, but not any content it posts.
If your page likes are mostly fake, your posts likes will be proportionately lower.
The auther discovered that Facebook tests your posts among your following, and uses the % that liked the post as a signal as to whether it should show it to the rest of your network.
Now, if you are paying farmers for likes, they might also be liking the content you post. If you're not paying for likes at all, but you have a bunch of fake likes on your page, your posts will get proportionately fewer likes, and FB will show your post to fewer people.
The point was ultimately:
By buying likes, legitimately or not, your page will attract likes from fake accounts -- Which due to the aforementioned reasons will tank the presence of your page in the news feed of real users.
The only workaround from this position is to promote your posts either through legitimate or illegitimate means.
The other byproduct of this notion is that using the free coupons that Facebook tends to offer can cause more damage than they are supposedly supposed to fix.