Earlier quoted context omitted.
Steve Albini's essay The Problem With Music is essential reading. It explains in detail the catastrophically bad financial outlook for most musicians. http://www.negativland.com/news/?page_id=17
Steve Albini's essay really illustrates how labels blaming streaming for declining album revenue is akin to the top 1% of income earnings blaming the poor for the middle class's economic problems. The labels always come out ahead, and streaming has become an easy way for the labels to refocus musicians' attention away from the actual source of the problem.
Nobody says this: In the 1980s, you could establish the sort of relationships to get priority at CD plants and resell back catalog that was already universally known. So the people who won did that instead of so much trying to break new acts.
The last gasp of a flood of new acts actually getting on radio was the SubPop ... thing in the 1990s. After that, nothing unless you followed R&B or "indie." That monoculture ended than. But to be fair, it only started in the first place because radio transitioned from being mainstream to being a "youth" market.