There's still plenty of legitimate vocal talent out there, but if you spend your time with your ears turned towards the noise machine of the big music distributors you might miss it.

The world is changing. Technology is making it easier for talented artists to make a living outside the traditional confines of the industry, even producing and distributing music themselves. The industry has fallen back to relying on the sorts of "media phenomenon" type artists (face, lifestyle, music, in that order) who get the greatest boost from what the industry can provide and are thus the most dependent on that industry.

Someone with solid pipes and solid musical skills will find it easier to DIY their tours, albums, etc. and make a decent living while in complete control of their music. Someone who's just a face and an approximation of a singing voice who requires autotune, requires others to write their songs, requires a backup band, etc. that person is going to be welded to their producers like nobody's business. And their producers are going to use every tool at their disposal to ride them for everything their worth (publicity blitz, etc.) It doesn't help that modern broadcast radio is feckless and moribund.