Problem is that it hollows out the middle and all that's left is either expensive niche stuff or mass produced synthetic crap. Wood furniture is a good example today.
It's doing the same thing with employment and society in general.
Hollowing out middle class jobs and the middle class itself. And as we see, it won't stop there. Doctors, Lawyers, Programmers are all on the chopping block as well.
That is historically quite ironic given how cottage industry was the early industry before factories disrupted them. Of course you could call work from home coding cottage industry too.