It reminds me of what happened to The Cutting Crew, leading artistes started writing their own songs and playing their own instruments so their services were no longer required and because the lesser struggling artistes of the time couldn't afford them they were basically out of a job. I think we have a more creative situation now. Heading in the right direction maybe.

 

There was a world before the internet and a world after its invention. Markets shift, new products emerge, and old ones disappear, no longer in demand. Before the internet, manufacturers had to advertise their products in fanzines, music magazines, or on the radio.

Today, manufacturers reach anyone in the world who can read their ads. Some manufacturers have opened up new markets worldwide. They profit from downloads because they no longer have to ship anything—postage-free, paperless, and cardboard-free.

There are also jobs today that didn't exist before the internet. As you can see, everything shifted; some things disappeared, but new things emerged. Overall, in retrospect, technological progress has generated more money and prosperity.