You're right. A million shitty logos are created every day, and for the vast majority of them, they will serve their purpose. And contrarily, there will always be a marketplace for companies/entities who want a logo that has purpose, novelty and intelligence behind its design. I definitely see a chasm between an AI-catered subclass and human-catered superclass forming.

Weirdly, with the advent of AI, we might start to see exactly what it is that makes human beings special.