For one moment, let's think it this way. You are a 20-year experienced engineer who is making whatever money you are making. Suddenly, your skills are invalidated because of a new disruption. And you have another friend in, the same situation.
Fortunately for you, luck played out and you could transition! You found a way into life, meaning and value. Your joy and your everyday life continued as it is.
But the other friend enjoyed the process, and liked doing what they were doing and there was no suitable transition for them. Humans are adaptable, but to them, nothing mattered because the whole existence didn't offer any value. The sole act of doing was robbed WITHOUT ANY ALTERNATIVE. The experience and value of a person rendered worthless.
Can you relate to that feeling? If yes, thank you.
If no, your words are empty and hold no value.
Artist went through the similar phase during the invention of photography. Now, it is rather soul-crushing because anything an artist make can easily be replicated, making the whole artistic journey a moot.