Yes, we're the generation that decided to steal music.* And yet, even as downloading became more and more commonplace, record labels refused to lower the price of CDs. Albums were still selling for $17.99 well into the 2000s, which is completely monopolistic bullshit.
When it comes to technology, products get cheaper over time: That's the nature of innovation. Despite inflation or even a weak economy, the production, distribution, discovery, and promotion of records got cheaper, and yet, they refused to drop the price (at one point, they even tried to convince people album prices were too cheap). So, they paid the price. iTunes came along and undercut CD sales by selling a song for a mere .99 cents a pop, which helped turn music into a singles market again. Spotify showed up with a commercial-free, unlimited streaming option for $9.99 a month. Companies like Universal didn't make albums $10 across the board until 2010, way after the Internet had changed the game in unfathomable ways.
[*We're also the generation that decided to "support the artist." When fans buy A$AP Rocky's debut album a month after it already leaked, best believe they didn't buy it because they didn't already have it in their iPod. Fans who buy music today do it more as a statement of "I fuck with this artist and I want to see them win" because all music is essentially free.]