It's just a tool. It'll be ok. The world didn't end when they invented the printing press or the loom or internal combustion engines or refrigeration. Quite the opposite. Those things created dramatically more jobs than they eliminated, despite the doomsayers of the time lamenting the end of days, sometimes even violently. Surely you've heard of the
Luddites? Any time a game-changing technology shows up, similarly short-sighted and frightened groups do as well. Invariably, their fears turn out to be groundless as numerous new jobs are created and substantially more money is made.
A little closer to home for some here would be the introduction of inexpensive high-quality digital recordings, and the recording industry's subsequent rapid descent into irrelevancy. The music industry is doing better than it ever has, with sales figures continuing to climb annually, but the recording industry is having an increasingly difficult time trying to interest anyone in little plastic disks at ridiculous prices. What used to be scarce goods have become infinite goods, so the supply/demand ratio got destroyed. 50,000,000,000 copies of a work cost the same as 1, and every one is as good as the original, reducing the nominal cost to zero. Naturally, the labels are pitching a bitch, pretending there are hundreds of billions of dollars and tens of millions of jobs being lost. It's not true, of course. Laughably untrue, in fact. The money is just shifting from the gatekeepers to the creators, which pisses them off. So, they lobby congress in the US and the governments of other countries to pass protectionist laws in a futile attempt to maintain the status quo.
Oddly enough, the fight about it is itself creating millions of jobs as a whole new industry crops up to defend/prosecute intellectual property rights violations.