By copyright and intellectual property attorney Wallace E. J. Collins III, Esq..

The most serious problem facing the artist community is that, at some point, it becomes economically unfeasible to pursue a career as an artist, songwriter or musician. Of course, as has been the case for many decades, most musicians barely survived without the dreaded day job. However, this extreme downward pressure on the creators of original audio and audio/visual content may force matters to a breaking point the likes of which the creative community has never seen.

No kidding.

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http://www.hypebot.com/hypebot/2014/06/youtubes-ultimatum-and-the-economic-survival-of-musicians.html