I was born at the very end of the craft era. If video killed the radio star, then robots and automation killed craft.
The death of craft is not all bad; our bread is purer, and less likely to have rat hairs and rocks in it. Our food and clothes are cheaper and more plentiful than they have ever been. Glass bottles and tools are so cheap as to be treated as disposable items. Our cars are not only safer, they are also more reliable.
What was once treated as luxury is now seen as the minimal and the expected. While more finished goods end up in the trash when broken, there is also less waste than there used to be on the manufacturing end, and more recycling on the back end.
But is the death of craft a loss? Yes it is. Across the board, too many folks today do things in a half-assed and slipshod fashion. If everything is disposable, why spend too much time or money getting it right?