Steemit is much like anything else though, where a few make money. It could be a full-time job for some, but it's not going to employ the masses. Also, if Steemit is incredibly popular it's going to cannibalize other social platforms.

I don't really see Steemit providing a mass of net jobs to the workforce. I do, however, see blockchain solutions contributing more to the sharing economy though. And that can have more of an equalizing effect on the flow of money, at least temporarily. But, like with anything, there always tends to be those that rise to the top 1% and then everyone else making little. You can already see this with mining in BTC.

I don't disagree with your assessment here. I just don't think it's going to provide enough to offset the losses.