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this argument is so tired. most artists dont really care about streaming or selling their music. most of their real money comes from touring, merch, and people somehow interacting with them. most musicians just want to make music, express themselves, and connect with folks who enjoy their stuff or want to make music with em. Even some of the largest artists in the world only receive a few grand a year from streaming.…
Touring makes almost no money. Only concerts with >1000ppl make money. Below that you can assume not even the sound engineer gets paid.
there's also the invaluable aspect of networking that touring allows. bit of a tangent, but it's very important for musicians to network.
The exception are musicians who do production stuff. Think movie/tv scores, commercials, etc. I actually know a handful of artists who used to tour quite a lot but eventually settled down to do production stuff. So they transitioned from touring to make money to production. Touring all year with no healthcare catches up to people.