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While I get the desire for outrage and backlash, a generous reading of what he said would be something like "In the past, making music meant needing access to numerous instruments and equipment. Today, you can create the same kind of music with a cheap PC and some programs."
He's not attacking creativity or saying your time isn't valuable. He's saying the barrier to entry has dropped dramatically to the point that almost anyone that wants to create content, can.
Look at any medium and notice the wide array of tools now available to the average person. You can do Photoshop and video effects using entirely free programs for the most part. Or paying a fraction of what you'd have paid in the past for less features.
Under that reading, he's absolutely correct.
But yeah, Spotify sucks, I get that. They don't pay creators fairly. Absolutely. Don't disagree with that.
I think it's also pretty ironic to question how much current music will be valued after 100 years as Spotify is pivoting towards podcasts. Podcasts are easier to make than music and even quality podcast episodes are significantly less memorable than music.