I think eventually it may settle into what you describe. I don't think it's guaranteed, and I fear that there will be a pretty huge amount of damage done before that by the hype freaks whose real interest isn't in making artists more productive, but in rendering them (and other members of the actually-can-do-a-thing creative class) unemployed.

The pipeline problem also exists: if you need to still have the skillsets you build up through learning the craft, you still need to have avenues to learn the craft--and the people who already have will get old eventually.

There's a golden path towards a better future for everybody out of this, but a lot of swamps to drive into instead without careful forethought.