If you've got good content on a website its worth having a website. But if you're a restaurant or hardware store you probably don't need a website because you probably don't have any content worth putting there. Or if you do you're sharing it on Facebook and Instagram instead and making sure your Foursquare and Yelp information is correct.
I really don't think Google is the problem for someone making websites, its Tumblr and Squarespace that make it super easy and inexpensive for a business owner to make something slick themselves.
Say you've been running a small scale website with content details and making decent a living off it. If Knowledge Graph eats up this niche, your traffic will drop a lot.
But life is life. Accidents happen, the world changes and people will move forward. But I do believe this is the first time machines could make people obsolete completely without intervention from other people.