Music is the thing I love more than anything. I love writing it, releasing records, playing shows, and connecting with people on an emotional level. Never once have I considered it possible to have a fruitful career as a musician, despite seeing more success as a musician than most can ever dream of. Additionally, the industry (like many others) has changed dramatically over the past 25 years. In many ways, it has put much more power back into the hands of artists: you don't need a huge studio/record label/promotion to release a record. You can just release records, and promote them yourself. The flip side of that is there are SO many more people releasing music these days, which makes it really difficult to cut through the noise if your music is halfway decent.
Finally, recommendation algorithms have truly transformed the landscape of content creation, likely irreversibly. I get messages _daily_ from people who have "hacked" the TikTok algorithm, and can get my bands plays. There is an entire cottage industry of algorithm "hackers", some of them actually have results too.
One odd anecdote: I love Alex G. I've been listening to him for over a decade, and have flown out to see him play in places like New york/Austin TX. A few years ago he played in Seattle, and the entire demographic of the audience seem to've changed overnight. Way younger, more "mainstream" looking kids, filled the Showbox in Seattle. The strangest part was that no one seemed to know the words to his songs anymore. I did some digging, and he'd gone viral on TikTok. A few of his songs went absolutely bananas on there, and it completely transformed his fanbase. They knew the words to those songs, but not his entire set. Is this bad? I have no idea, but the trimming down of content into bite sized morsels _feels_ bad to me, and I believe it will dramatically alter this next generation's baseline attention span. Again, not a moral judgement, just a factual claim.
I think one thing important to consider here is that part of the experience of enjoying music is not necessarily how good the song is, but how much, and how many, other people are enjoying it. People often listen to (mediocre) music simply to have a shared emotional experience with others.
This has always been true for recorded music. Originally people would buy mostly singles after hearing a song on the radio, then maybe listen to the B-side too.
Listening to complete albums was only popular for a short while before streaming brought single songs back to prominence as the main way people consume music.