What's killing photography, at least from the standpoint of the professional photographer, doesn't have anything to do with technology. It has to do with the corporate mindset. Sure, the Sears family photo has died off, but that job never paid well anyway. But pretty much every other photography job is still around (minus minilabs and such). Your average consumer really only pays for professional photography on their wedding day. What has always powered the professional photographer industry is the business world. And that's where the problem lies.
Businesses these days often don't want quality. They want value. They're not run by people who are artistically inclined nor are they able to judge good work from bad work. What they are able to judge, is cheap work from expensive work. And it's hard for them to understand the difference between a $1,000 product photo and a free photo they took themselves of the same product. They'd rather spend their advertising budget on the quantity of exposure than the quality of that exposure. Thanks to today's stock price mindset of short term goals, companies are no longer interested in public identity or long term viability. They're just interested in maximizing profit for the next quarter. If the company gets a bad reputation, they'll buy another name and rebrand or merge with someone else. Worst case scenario, they sell out and cash in, and the rich movers and shakers invest in something else while the little guys get stuck holding the bag.
And that mindset isn't just killing the professional photographer. It's also killing the creative writer and the graphic designer too. Basically any artistic job has almost zero value in corporate America today. Meanwhile, we have corporate boardrooms filled people drawing high salaries doing ceremonial tasks.
So cheap, quality camera gear doesn't hurt anyone (other than minilabs and camera manufacturers). Artisanal photography is still around and doing well, as any artisanal sector has, thanks in large part to the millennial generation and their love of things handmade. It's just if you're doing artisanal things, you have to market it to them, which can be hard to do if you're not one of them. The older generations don't tend to value that kind of work as highly. They'd generally rather spend their money on the highest value proposition of tangible things than an experience or something individualistic, as a whole. So if you want to sell your hand made photos, wax your mustache, grab a microbrew, and set up a pop up shop next to that pretentious coffee store.