The technology has had varying economic impact as well. Many a studio instrumentalist or orchestra has been replaced by a string sound or other from a synth keyboard with sampled or electronically created sounds. Even musicians unions couldn't stop this.
Performers with mediocre instrumental or vocal skills who can rock clothes or dance moves are vaulted to stardom made to sound good by sound engineers in the booth. Seems to be a new one every month. And they make millions in a short time, then get pushed aside by the next one.
Some performing bands play live but record with substituted studio musicians for their polished album tracks. These guys never get to go on the tours or get residuals or the big bucks.
Then there's Milli Vanilli...