No - certainly not for the people doing it. This may not be me and you though - at this current time... However, as long as Bitcoin uses POW, Bitcoin mining is not dead unless Bitcoin itself is dead. They secure the value of the money...
But the mining landscape in Bitcoin can change dramatically over time.
I'd be hesitant to predict the future, except that I don't think Bitcoin will move away from POW - sooner it will replace the current miners.