What if you can’t put on concerts, like it’s the case right now, do your work then become worthless?
Honestly I think the issue is the record labels. The need to seriously reduce their cut and let the musicians keep the bulk of the royalties.
It’s a little concerning that a Youtube channel with maybe 500 - 1000 Patreon supports and few ads can be a living, but musicians need to tour, to make a profit. That seems to indicate, to me at least, that Youtube may not be the problem.