This is so true, and I'm in fact going through this right now. One of my semi-technical friends followed an online tutorial and created a stock tracker web app, almost entirely using ChatGPT. It is a pretty good achievement (in the context of someone who isn't a programmer and started from scratch), and I'm encouraging him to keep going down this path and developing his skills. He is however convinced that he can launch this app and make millions, and is even considering quitting his job to do it full time. There is zero chance it is going to get any kind of traction, and I keep telling him that, but he is too enamored by all the "influencers" on LinkedIn/X telling him that he is basically a 10x engineer now.
I think we will see a small business "renaissance" of sorts:
- many local small business owners are aging baby boomers, they will be exiting + retiring; that's opportunity to back-fill
- the culture among younger people (millennial and younger) seems to be more focused on employment over entrepreneurship; they seem to prefer the safety of stable employment over taking risk on their own (I have no data backing this, just anecdotal experience...but I think its bc of student loans)
- stable employment with a big company is not so stable anymore, most of human history leans entrepreneurial, big corps are recent phenomenon
