Spotify being as cheap as it is, has always been a temporary tactic to destroy competition, not an indicator of how cheap Spotify will be once competition was utterly destroyed.

Prices will keep going up and up, but the normalization of artist’s labor being worthless will remain unchanged and the only artists that get a share of Spotify’s increasing profits will be artists that make specific deals with Spotify.

The music industry has been utterly destroyed, this is the fail state, the worst case scenario, especially given the fact that Bandcamp is functionally dead as a force for musicians after it was bought by Epic.