I get the sense that the same thing is about to happen to many forms of creative work as happened to hand crafting during the industrial revolution, and if so the fallout may not be pretty.

People still buy hand crafted items of course, but they tend to be relegated to high-end or niche markets. The same would apply here. The larger number of people employed churning out relatively uncreative material would be displaced just like weavers and seamstresses were by textile mills.