It will make a lot of harm for the record industry. Especially for premium products. Sales was rising so well especially for premium records, now this trend can change.
MoFi controversy
I see this hasn't been mentioned here yet, so I thought I'd put this out here. Let me just say that I haven't yet joined the analog world, so I don't have a dog in this fight.
It was recently revealed that Mobile Fidelity Sound Labs one step LPs are being cut from digital masters (DSD) rather than being straight analog throughout the chain.
Here is one of the many Youtube videos that discusses it
To me, it seems that if MOFI is guilty of anything, it's "deception by omission." That is, they were never open about the process and the use of digital in the chain.
One thing to mention is that hardly anyone is criticizing the sound quality of these LPs, even after this revelation. Me personally, I wouldn't spend over one hundred dollars for any recording regardless of the format.