@wolf_garcia +1 I can agree that many artists receive too little compensation. But lets imagine a world without streaming where record companies control the marketing and promotion of artists they chose to work with. So, you're a beginning artist, who's going to market, promote, press hard copy for you! Nope, you better have big bucks behind you if you're independent of the record companies.
Don't delude yourself there was some golden age for artists in this country. Just last night I was listening to Randy Burns, acid folk artist from NYC from back in the 60's, in the vein of Pearls Before Swine, both on the legendary indie label ESP. These guys never made a buck, were hardly heard, sad, sad, sad. And I can say this about tons of both old and contemporary artists I've only found because of streaming. Did all those bebop jazz and blues musicians benefit from the old ways, nope. And how about all the musicians who couldn't even get signed to any label, they die and/or leave music without anyone other than a few close friends getting to hear their music.
I mostly despise hard copy business model these days, how about the thousandth release of some Led Zeppelin, Bob Dylan or any of a hundred old artists, albums selling for high dollars. Just how much money do you think average consumers have to spend on music, their entire monthly budget could be used up on a single album. The hard copy way of doing business is obsolete, only a few artists benefit at all.
Streaming and live performance/marketing will be the only business model going forward for vast majority of artists. It will be up to artists and consumers which way it goes in regard to remuneration.