An other problem is commoditization of music. With modern DAW software, a good autotune, youtube tutorials and some time you can make commercial-sounding music

An other problem is commoditization of music. With modern DAW software, a good autotune, youtube tutorials and some time you can make commercial-sounding music from the comfort of your home with a shoestring budget (especially if you pirate said software). Even if the music industry dies, music itself is going nowhere. It sucks for people who really love making music and want to live from it but from a purely capitalistic perspective it just doesn't add up: there's a massive amount of offer and a fixed amount of demand. You can find dozens of incredibly gifted artists on Youtube, Twitch or elsewhere who'll never manage to live from their craft. It's like becoming a pro footballer, it's amazing if you make it but it's not a reasonable long term career prospect if you're not incredibly gifted and incredibly lucky.