Well when you value low effort content and high effort content equally, you discourage people from making high effort content when they can make money by just recording their roof.
I don't think people will stop making music or podcasts because a tiny sliver of low effort content makes money. There is a cap on how many people can make money by uploading white noise since it's so generic. Plus for a lot of people the money isn't even the primary motivator behind their high effort/quality content.
They suffer from the “DropBox problem”. Streaming music is a feature not a product. Apple, Google and Amazon don’t need to sustain their business based on streaming music. It’s a gesture to make their hardware more attractive.