Your first two paragraphs make the picture worse, not better.

As for your last, I'm not writing an economics thesis. It was a quick analysis to illustrate a problem no sane person disputes: streaming services have substantially driven down revenue for artists, to the point that for many it's genuinely impossible to create their art while making a living wage.

Is it better than piracy? Sure. At least the artists are getting something (well, unless you drop below Spotify's streaming cutoff, in which case you can get fucked). But it's still a shitty deal and gives consumers someone else to blame as artists slowly bleed out.