YouTube no longer paying small channels and creators

I recieved this email from YouTube today

WOLVOMAN80,
Today we are announcing changes to the YouTube Partner Program (YPP). While our goal remains to keep the YPP open to as many channels as possible, we recognize we need more safeguards in place to protect creator revenue across the YouTube ecosystem.

LEARN MORE
What's Changing

Under the new eligibility requirements announced today, your YouTube channel, WOLVOMAN80, is no longer eligible for monetization because it doesn’t meet the new threshold of 4,000 hours of watchtime within the past 12 months and 1,000 subscribers. As a result, your channel will lose access to all monetization tools and features associated with the YouTube Partner Program on February 20, 2018 unless you surpass this threshold in the next 30 days. Accordingly, this email serves as 30 days notice that your YouTube Partner Program terms are terminated.

One of YouTube’s core values is to provide anyone the opportunity to earn money from a thriving channel. Creators who haven’t yet reached this new threshold can continue to benefit from our Creator Academy, our Help Center, and all the resources on the Creator Site to grow their channels. Once your channel reaches the new threshold, it will be reviewed to make sure it adheres to our policies and guidelines, and if so, monetization will be re-enabled.

The YouTube Team

I believe this is yet another attempt by Google to make YouTube as useless as possible to anybody that is non corporate and despite the fact YouTube claim "Under the new eligibility requirements announced today, your YouTube channel, WOLVOMAN80, is no longer eligible for monetization because it doesn't meet the new threshold of 4,000 hours of watchtime within the past 12 months" My videos are receiving MUCH more watch time than 4,000 hours within 12 months.