Earlier quoted context omitted.
To me the feeling of AI generated content is less "slop" and more "in-flight magazine". It can have a surface sheen of quality that you can lure you in, but you realise it's devoid of any vitality or soul.
When recorded music was invented, musicians protested. Recorded music was devoid of any vitality or soul. Recorded music still became a hit. Then we got the synthesizer. Again we got the same complaints, lifeless and without soul. The synthesizer still became a hit. Now the next step is happening, and we see the same complaints all over. Only time will show if the next step will happen anyway. My gut feeling tells me…
Not a lot of individuals, to be honest. Only a handful of people make any kind of living from composing. Millions try it, but have to be content with performing for their friends. Which will continue unchanged.
So the actual economic impact of AI music will be different from the scenarios being described. What is true is, we will all have a lot more musical listening choices. Which is a net good for the rest of us?