Whenever people see old systems still in production (say things that are over 30 years old) the assumption is that management refused to fund the replacement. But if you look at replacement projects so many of them are such dismal failures that's management's reluctance to engage in fixing stuff is understandable.
From the outside, decline always looks like a choice, because the exact form the decline takes was chosen. The issue is that all the choices are bad.
Today it is a commodity. So we are flooded with low effort productions.
With that being said, we have more capability than ever, at the cheapest cost ever. Whether businesses use that wisely is a different story.
There will always be outliers. I see many comments with people who derived value from whatever they perceived as something uncommon and unique they could do. Now AI has made those skills a commodity. So they lose their motivation since it becomes harder to attain some sort of adoration.
In any case, going forward, no matter what, there will be those who adopt the new tools and use them passionately to create things that are above and beyond the average. And folks will be on HN reminiscing about those people, 30 years from now.
30 years may be a stretch but 20-25 certainly isn't.
Incidentally this also applies similarly to risk issues. The biggest risk in a flight is not in flying, but in takeoff/landing. This is why the commonly cited deaths/mile metric is not only misleading but completely disingenuous by the people/organizations that release it, knowing full well that the vast majority of people don't understand this. If some person replaced their car with a plane (and could somehow land/take off anywhere), their overall risk of death in transit would be significantly higher than if they were using e.g. a car. 'Air travel being safer than cars' relies on this misleading and meaningless death/miles statistic.