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This argument makes me so mad because you obviously have zero idea how any of it works. The only thing you had right was that it's a competitive and saturated market.
Artists didnt "figure out" touring pays the bills. That is the only way a performing artist can pay the bills. Artists who you would think "oh they made it, and are now setup for life" is just not true. The only ones that are like that are mega ultra pop/rock stars.
I can go on for days but honestly I don't have the bandwidth. Merry Christmas and happy holidays my guy.
To be fair, I worked in the music industry for over a decade booking and promoting shows. I've also worked for two different festivals as well as 5 years managing a radio station, so I have some idea how this all works. It being oversaturated is the point. Just the top 50 artists on Spotify have received over 3,000,000,000,000 streams combined.
I'd love for every talented musician to be able to make a living doing what they love, but people are sheep and will listen to what they're sold and in a crowded space I don't see how that's tenable. When someone comes up with a better system, I'll be on board, but until then I'm gonna keep supporting the bands I love by seeing them live, telling my friends, buying their t-shirts, and encouraging them.
Hope you had a good Christmas too man, cheers
And you now even less... do you think the music producers just handed out money to struggling artists back in the day? What do you think is so much worse for artists today?
Dude you don't even know the difference between a producer and a label.
But I do. Not sure what makes you think I don't...
Because you said the producer is the one that pays the artist
You could release an album without a label but not without a producer. Often, the label and the producer were one and the same. The producer absolutely handled the payment, not always.