The thing that makes a personal webpage now different from a personal webpage in 1997 is this: Back then you could expect to immediately rank #1 on your own name, and you would even have a decent chance of ranking for some keywords related to content that you put up. Nowadays, if you're unlucky and you have a name that's somewhat common, or even just a single other person exists with a strong online footprint that has the same name as you, then you won't even rank for your own name any more. If you want any of your actual content to rank, then the chances of making that happen are even slimmer.
More eyeballs on the internet means greater incentives to put content online that will get noticed, which means that commercial interests will throw money and resources at making that happen which a personal side project can't compete with. More content online means search engines get to be pickier about what they show to users. The cost/benefit calculation has changed dramatically, especially around how much content you have to put up and how frequently you have to put up content, because search engines heavily penalize content for being old or stale even when content ages well when it's good and even when you actually write on stuff that you are a real authority on and even when the web is desperately in need of less of the "sponsored" kind of content and more of the "independent & authoritative" kind of content.
So in order to truly solve the problem of making it worthwhile again for people to have personal websites, one first needs to solve the discovery problem.
I think somebody should invent a search engine to do that.
I think that when people put up personal webpages now, they should adopt a "fediverse" technology stack to turn their personal webpages into a social-media-like experience that allows for an alternative vector of discovery next to keyword search.
I think that policymakers should reverse the current trend wherein they put liabilities on website owners & operators that a private person doing a personal webpage can't possibly shoulder.
So, in conclusion: Bring back some of the goodness of the WWW of 1997 again. I'm all for it. But the technology community has a loooong way to go, before that can become a reality.