Does it not just shift where we (as people) perceive value? If the cost of content drops to effectively zero, it seems reasonable that we would not value it so highly. If so, it does not mean that people do not value anything, but it may mean we start associating value with new or different things. While this may disrupt industries, I do not think we have an ethical or legal duty to those industries to remain profitable.
GREAT response imo, I’ll try to remember this concise phrasing. I think this highlights that people aren’t worried so much about changes coming to them as consumers, and are much more worried about what “industries no longer remaining profitable” means for them as a laborer.