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Notes -
On the one hand, you're correct that people being made obsolete by the new AI aren't being directly compensated for their lost income. On the other hand, you just explained how the gains are being distributed as widely as one could possibly hope for.
I'm certain there's some economic theory/concept that explains this (marginal cost of labor?). Yes, it will harm human artists that earn their keep through commissions, but the cost barrier (edit: for the prospective consumer of art) there was always going to be high (especially after seeing Tumblr do its best to meme more respect for artists and their prices), AI just lowered the cost barrier dramatically.
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