I expect prices to rise as people cut cable, but not drastically, here’s why:

First: History. Remember that when cable internet came out in the late 90s (almost 20 years ago) speeds were about 50-100 times slower than they are today, yet the price has remained about the same even though that $50-$60 you’re paying now would be even less back then. And now Google’s fiber is supposedly 50 – 100 times faster than the current infrastructure, so I think the Internet speeds will catch up to usage as it builds.

Second: Streaming is cached locally near the clients, so when you’re watching Big Bang theory or whatever through a streaming service, it’s probably coming from a caching service like Akamai and your connection is probably never leaving San Diego. It’s not travelling through the middle of America’s Internet from New York to San Diego.

Third: There’s more competition (at least for now) in Internet providers than there is in Cable providers, with more coming. In a metropolitan area, you might only have one “choice” of cable TV provider, but you can choose between several Internet providers (sure, they’re not all so great), but at least there is competition.