Is the electric guitar dead?

A few thoughts on Washington Post's latest article on the woes of guitar companies:

• An article about guitar spends so many paragraphs on Taylor Swift? I guess that's where we're at right now...   Also it's not all about Clapton or BB King; there are younger guitar gods around: Derek Trucks and Gary Clark Jr. are probably around my age.  Also worth mentioning, musicians dont need to be Eric Johnson-calibre talent to make cool stuff; I respect guys like Ed Sheeran who writes music prolifically and can lead a full-length concert with just his Martin acoustic and BOSS loop pedal (his band doesn't even need to show up). 
• Millennials don't like/can't afford to spend money in general, thanks to (among others) student loans.  Not just a guitar problem, but look at decline in home ownership. Declining interest in golf.  Or even car ownership.  And so on. 
• Speaking as a terrible guitarist, it's really hard to justify buying a $3,000 American Fender Strat when I can spend $400 (or $200 used) on something Indonesian-made that sounds just as awful on my hands. And I reckon 95% of guitar buyers are probably not good players.  So yes, offshore manufacturing is a factor -- but it's a positive for players.
• Music nowadays feels more about the production (e.g. computers) than about playing instruments well, with software such as Ableton and Garage Band. Which makes me respect for musicians and vocalists who really spend the time honing their skills -- people like Mark Tremonti, whose riffs I can probably never play, not even one.  Even Lady Gaga, who is a big vocal student during her lengthy, successful career.