Earlier quoted context omitted.
How little they make, compared to what? Streaming has basically saved the music industry, finally getting revenues to go up after about 15 years of decline. Spotify pays out 70% of its revenue to labels and artists. I wonder what percentage would satisfy people.
The industry revenues are up, and all of that is going to the big labels and a token handful of artists at the very top of the celebrity pile. The vast majority of artists are still getting screwed over by the labels. They're getting a pittance, if anything. If at all possible, always buy directly from the artists or through sites like Bandcamp that actually pay out well.
Bandcamp takes only a 15% cut, which is better than Spotify's 30%, but the way people talk about it you would think there's a 10x difference or something.