This argument makes me so mad because you obviously have zero idea how any of it works. The only thing you had right was that it's a competitive and saturated market.
Artists didnt "figure out" touring pays the bills. That is the only way a performing artist can pay the bills. Artists who you would think "oh they made it, and are now setup for life" is just not true. The only ones that are like that are mega ultra pop/rock stars.
I can go on for days but honestly I don't have the bandwidth. Merry Christmas and happy holidays my guy.
Dude you don't even know the difference between a producer and a label.