In 2023, everyone puts their personal data in the cloud.
Reality is not fractal. Signal attenuation exists in a variety of forms.
The difference between now and dot bomb is greatly improved computer, network performance, reliability, and many many more well trained people working on AI problems.
AI is generating rudimentary frontend code for me. I don’t need it to be Google scale. It may get complex logic wrong, but it can emit simple boxes and button code to cut-paste together just fine.
Horse and buggy makers did not vanish over night. The programmer signal of value to the economy is indeed attenuating.