It is what it is, and I say, it is not black and white, legit artists will eventually harness it as a tool or assistance, yet fully AI content, yes sadly it's replacing artists. why would a writer commission an illustrator if they can emulate one... and as I say, time, seconds versus a week...
I already lived through the "devaluation" of music due to streaming, do you know that purchasing a single physical album (noone listen to cds any more) is more than artists earn per streaming in months sometimes... ye it is what it is... you adapt and art finds a way, I'm sure it'll do