That is kinda true but I'd say more accurately, it's no longer a big $$ commercial fishery.
This season some guy and his best buddy will catch 10 fish inshore in the striper boat he paid 20K for 5 years ago. He will burn $1500 in fuel, maybe another $1500 in other stuff, and cash 20K in checks. Ask that guy, it's a commercial fishery and it's hard to argue it's not.
The lobsterman that heads over to the flag at the end of his day here and there, catches a few, same deal, that $$ is gonna be appreciated.
If you think you are going to drop 500K on a boat then make a living at it, nah - not a commercial fishery.
It's very akin to stripers IMO, you gotta like to do it, you gotta be a boat owner for another reason, you gotta live near the fish, but at that point it can be supplemental income. Or another analogy - nobody can buy a new 1 ton and make a living plowing around here, costs are too high and the $$ isn't gonna work out, but if you are gonna own the truck for another reason then the cost of the plow can be a reasonable investment.