YouTube is definitely a dead platform for creators at this point. Besides the mass demonetization, the ad revenues are rock bottom, and relying on such an outdated revenue model was likely to collapse at some point. You can no longer make a living there unless you're getting like a quarter million views a day or better, even then it wouldn't be much. I shut my ads back in January after realizing the 17,000+ views from Dec, along with 600+ hours of watch time earned me a measly $7. 500+ videos I produced in a year and a half, and I get nothing for it. What's the point of working for nothing, Google is worthless.
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I am happy that they decided to help out at least bigger YouTubers with huge huge fanbases, it is kinda sad when you think that some of them with huge channels do potentially make less money with add revenue than me with DTube(I am not trying to brag, but YouTube NEEDS to treat their content creators much much better than they are actually doing)
Yeah, there's creators with a half million views a day who're barely scraping by to make ends meet. YouTube does not have a sustainable business model it seems, and I think the underlying problem lays in the hands of Google's failed leadership. Google made the mistake of putting people into positions of power based solely on their education, rather than their experience and capability. A huge mistake.