This is a great read by American Prospect on the decline of middle-class musicians who can no longer make a living.
From the article: “Spotify also pays out absurdly low per-stream rates, though not as bad as YouTube. ‘Last year, the COVID year, Galaxie 500 had 8.5 million streams on Spotify,’ Damon Krukowski explained. ‘We also released a 2,000-copy, limited-edition LP. They raised the same amount of money. Neither is enough to live on.’ Krukowski calculated that to earn the equivalent of a $15-an-hour living wage, a band would have to get 650,000 streams per month per band member.”
This is sad news without a clear remedy.