Current situation is bad for content creators.
And the move of making it 50/50 would sadly make the situation worse but they will most probably do this since the big guys are rich here and they are thinking about just their pockets. No community feeling, no user base retention worries.

What can be done to improve situation is :

1. Whales can be generous in random upvoting of good content. I joined steemit in 2017 when it was blooming and random whale voting was the reason of motivation for masses. I understand whale/people with huge sp does not have time to do the charity voting but I mean someone need to think about it as a community.

But i understand since no one cares, at the end of day it all about profit and that is why bot system came into picture and masses left steemit in mid of 2018.

I agree that "something must be done to improve organic 'eyes on posts'". My proposal is that posts should be of higher quality. More "Medium" or "Quora" quality, less Facebook or Instagram quality. 

As "quality" is relative, the typical way to address this is to foster the creation of communities which agree, each one for itself,  what "quality" means for that community.

Fundamentally,  you cannot repair broken economics by using solely the economic lever, you need an external reference. Think of a helicopter: it cannot function with one rotor only, it needs a second, stabilizing rotor at the back

That is not enough. Money (especially in very small amounts as is the case here) is not enough to compensate people's effort of switching to a different platform.