Ask Lemmy
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It's sad, but by that same logic we shouldn't have swapped to electric lamps over oil-lanterns, because that put the lantern-lighters out of business.
Content creators have transferable skills that they can use in a variety of ways.
So how does the Fediverse make new jobs?
Why does it need to? Can people not just enjoy it?
You compared it to something that made new jobs with elections.
You may not need to work, but plenty of people do, and not everyone can work a normal 9-5 like everyone else due to disabilies, skills or other needs.
I compared it to antiquated methods. The Fediverse does not require jobs, nor profit, it exists in FOSS format and as such should allow donations, not direct monetization.
I need to work, and I do. Lemmy and the Fediverse will not be the death of all other social media, at least not in a time frame where people can no longer adapt to their changing material conditions.