My friend, who is a professional illustrator (freelancer), just today said he's expecting a considerable income loss as of immediately. On the same vein, I ordered an album cover illustration 1.5 years ago from another artist, which cost me USD1000. I would not do that again, now with Stable Diffusion generating art on my computer for free. So this is one area where AI is *already* having a very tangible effect on our society.