I mean yeah, it would/could just be the inverse of what millenials/zoomers grew up with: 'you have to go to college learn a skilled trade if you want to have a decent living!'

Hard to forecast precisely how strong the effect would be, but absolutely yeah, if a bunch of people flood into a specific category of labor... they will on aggregate depress their own wages.

... This is why the luddites smashed things.

Partially because the machines actually produced inferior output products, mostly because their proliferation caused mass unemployment/immiseration.

A society that wants to technologically progress must also socially progress, otherwise, you're just building a tinder box.