The proper economic arrangement for those who wish to make a living with creative works is patronage. Someone asks you to make something, you make it for them, then you get paid. You then don't get paid until you make another work.
Thus content creators shouldn't have an automatic entitlement to get paid each time someone reads/listens to/watches a work.
If you work once, it's only fair for you to get paid once. The idea of royalties that pay beyond the initial act of creation is unfair because you should not get paid to do nothing.
Copyright is meant to be temporary scheme to encourage creative works. It is not meant to establish ownership over non-physical goods like music, art, etc. though it is definitely currently abused to be that way.
I guess at some point in history we needed copyright to encourage more creativity, but honestly look around you - we are saturated with so much intellectual property. So many movies, software UIs, rehashes of rehashes. Does society really need/benefit from the incentive of copyright/royalty any longer? It seems only entrenched legacies are significantly benefiting currently.