To ask a professional photographer to do stockshots for a buck, is like asking a gourmet chef to flip burgers at McDonalds.
Although anyone can afford a camera and submit cheap photos to online stock agencies, does not mean that there is no use for photographers anymore. But it is not the equipment that distinguishes a photographer from the crowd anymore, and if we cant prove to our customers that our knowledge is valuable, then we dont deserve to survive anyway.
My clients still wants shots that are unique to them, and no stock agencies have shots of their operations. But if you run a travel agency and needs shots from around the world, shots for a buck or two will work just fine. I believe there is a place for both. Just as there is a place for both McDonalds and gourmet resturants.