Positive Spin?
Firstly, I think I am probably not alone on this site being someone who plays to escape from the other pressures of life, and I would guess that 90% of subscribers to this site are in it for the passion first, and the hope of a career second.
Making music is a lot easier today than it was in, say, the fifties when the costs of equipment and recording compared to average incomes were way higher than today.
Over the past twenty or so years the number of bands has increased exponentially, as it has become easier to reach a level of competence, leaving a huge number of musicians looking to make a living (and expecting substantial returns) from a shrinking market. We have been duped by the expectations of multi million dollar, multi album deals secured in the music industry equivalent of the "toxic mortgage" in the 70's and 80's.
Lets be honest, not every band is the Beatles, and sometimes I think that a little more "difficulty" in attaining status is not necessarily a bad thing.
Why should musicians expect to be making fortunes, when most provide less value than say a plumber or a nurse? By all means lets celebrate the brilliant, but lets also just enjoy the outputs of lowlier artists in lowlier surroundings.
The real risks are the local venues providing (and suitably propmoting) local musicians. Many venues now rely on the band to do all the promotion, and expect them to bring their own crowd to obtain any income at all. It's a two way street.
The other thing to point out is that labels need to return to supporting artists beyond their first album. Who of the long term artists who are filling venues would claim their first album is their best?
So, in summary, yes it is depressing that there seemes to be less available money for music in the average wallet, and it seems that the lower level artists may be the ones to suffer, but sometimes the harder the struggle the greater the return.
For the rest of us, it remains amateur hour on along term basis. Let's continue to enjoy our aspirations.