Same thing could have been said at most any age:
(2000 BC) "Those guys over the next hill are willing to chip rocks into spearpoints for three berries a day! Are we in danger of giving away our advanced chipping technology! We're doomed!
(1400 AD) That Gutenberg is going to drive all our scribes into starvation!
(1950) Those darned transistors are going to impoverish all those old ladies in hairnets hand winding grid wires!
(1970) All those IC's are going to impoverish all those miniskirted young ladies stuffing resistors into TV PC boards!
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In case you don't get the drift-- change is continuous, temporarily painful, but impels you to MOVE AHEAD, from chipping rocks, hand scibing, hand-winding grids, hand-stuffing PC boards, etc.....