I'm no artist but I've been very underwhelmed by the image generators....it seems to me they have a long ways to go.
Well - you have to make allowance for
how quickly this stuff is improving. Last year DALL-E seemed amazing despite the weird faces and six-fingered hands, but some of the stuff coming out of Midjourney just a year later is really quite impressive :
https://www.midjourney.com/showcase/recent/
[yes a lot of it reflects the preoccupations of its users, but there's usually one or two creative gems on that page in amongst the dragons and comic-book fantasies. And sure, even Midjourney is not perfect, there's often AI "tells" somewhere in the image, but they're a lot more subtle than the 6 fingers and distorted faces of a year ago.]
Artists will still be necessary in the future.
No doubt there were similar debates when photography was in its infancy in the 19th century, yet we still have artists. But the vast majority of images now are photographs, taken by people who are not skilled artists, often for mundane and not particularly "artistic" reasons. For instance I take photos at full stretch to read my gas meter as otherwise I have to move a bunch of stuff to get to it. If photography didn't exist - if digital photography in a device I carry with me all the time, didn't exist - I wouldn't be employing an artist to paint my gas meter reading so a new use like this is not a threat to an artist's living.
New technology can create uses for itself, and in this case it has the potential to make homebrew labels "better". Sure, for some people the creative process of designing a label is almost more enjoyable than brewing the beer; for some it's tedious, and for others it's somewhere in between. We're all different. Same with photography - some artists lost their jobs as a direct result, other artists use photography as just another tool in their art, some people who would have become artists became photographers instead.
It's never - dare one say it - black and white.