Imagine in that future world you describe, how immensely valuable a human artist will be: originality, wit, brilliance, their design will completely conquer any competitor generating the slop you dream of.
We must live in different realities because most design has almost no creativity or originality at all. "Good design" means the website/design looks exactly the same as everything else.
We have the tools to do anything imaginable with film and video but the top box office films right now in the US are all completely derivative, non-creative human slop.
"Good design" is so trivial to do with generative AI.
We hardly live in 1910 Paris with all the cool people drinking absinthe in between cranking out all these artistic masterpieces.
I often find people contest this with the non-sequitur of "No, it's not a bubble, there is real value there. We are building things with it". The fact there is real value in the technology does not contradict in any way that we are in a bubble. It may even be supporting evidence for it. Compare with the dot com bubble : nobody would tell you there was no value in the internet. But it was still a bubble. A massive hyper inflated bubble. And when it popped, it left large swathes of the industry devastated even while a residual set of companies were left to carry on and build the "real" eventual internet based reworking of the entire economy which took 10 - 15 years.
People would be well advised to have a look at this point in time at who survived the dot com bubble and why.
The crowd is always wrong on these things. Just like everyone "knew" we were going into a deep recession sometime in late 2022, early 2023. The crowd has an incredibly short memory too.
What it means is that people are really cautious about AI. That is not a self reinforcing, fear of missing out, explosive process bubble. That is a classic bull market climbing a wall of worry.