I don't know that it's a negative overall, but in general the most economically lucrative sector of commerce in an area does tend to out-compete the others. Much of Silicon Valley used to be farmland. Tech surely disrupted and ejected many farming uses of that land. Gambling disrupted the previously sleepy area of Las Vegas. Disney disrupted parts of Orlando. The auto industry disrupted much of Detroit.

I think it's generally a good thing overall, but if I were a buggy whip manufacturer around Detroit in 1920, I wasn't as happy with my lot in life 20 years later...