For all of human history, we've been making music and art. And for almost all of that time, it was done for love of doing, not money. For a few hundred years, there was the patronage era, where if you were really good you could get a rich person to feed and clothe and house you while you made art. Or you traveled around giving performances for money or food or clothes or shelter. Then only in the last 100ish years ha…
Sure, music will always exist as a human form of expression. It's just more likely to exist in the same way your hobby projects compete with your full time job. Lots exist as concept only. Some are half-finished but never ship. Maybe some of them get done. What could you have done if people payed you to do what you cared about? Patronage is... a thing. Better than nothing. But obviously a weaker form of economic syst…
Human activity of all kinds is exchanging time with each other. I spend some time doing A and give you some. In return you spend time doing B and give me some.
Ultimately we all have a finite amount of time available.
When you start assessing things in terms of hours exchanged rather than dollars, euros or pounds you see how it all works.
Baumol’s cost disease explains itself for example. It still take the same number of hours to be a violinist and a concerto takes the same amount of time to perform. And we still value violinists so some of them get paid.
Our machines reduce the human time element embedded in other products and services and that reduces their value in exchange terms. We see that expressed as the dollar price of violinists going up.
There’s even a film In Time where this idea is explored Hollywood style. Not the greatest film but the philosophical idea behind it is fascinating.