For many use cases where it is relevant, static site generators like Jekyll can actually imitate "dynamic content" from the perspective of the people running the site.
The most important use cases for dynamic content these days are web applications, as distinct from "websites". On the other hand, web applications are also the most important use cases for better development ecosystems than are easily attained with PHP.
In my experience and observations, the cases where PHP's easy provision of dynamic content capabilities make the most difference are websites (as distinct from "web applications") on shared hosting platforms or bootstrapped by existing content management systems like WordPress and Drupal (which are, in turn, often easily used because of either hosting platforms specifically for those CMSes or shared hosting providers).
NOTE: I'm not sneering at "websites", as distinct from "web applications", as many people who draw such distinctions do. I'm just pointing out there is a distinction to be made between two different types of projects involving deployment of a codebase to a web server. Speaking only of the technology's proximate purpose: in one of these, the primary purpose of it is to make content accessible to the public; in the other, the primary purpose is to make functionality accessible to a userbase.
To expand on this, static website generators are best for generating documentation and small blogs. It falls apart when you have a large often-changing content. This is where PHP is still king of the web.
Today, when one can have workflows via jekyll/git/Continuous deployment, at what frequency of "often-changing" should one move away from static websites to a php based solution?
Or a simple guestbook or hit counter.
Where the lines may blur is JS front end talking to a BaaS... This may make it possible to glue up impressive sites using just HTML and JS with no custom backend requirement.
PHP is still widely used, but there's a myriad of other contenders: Java, ASP.NET, Python (Django,Flask,etc), Ruby (Rails), Perl, Javascript (Node,etc) and others.
I'm not sure about PHP being the "king". PHP might be the most widely deployed thanks to either FB or the huge number of legacy bulletin boards and wordpress sites, but in terms of new deployments does it still dominate? Probably not. (For novices, a static site generator is definitely the way to go, until you run into it's limitations.)
I also made a start with PHP. Still, PHP has been slow to learn from other languages and frustratingly refused to change established behaviour. I found PHP to be far more "dangerous" for the amateur programmer than other languages. Finally, I switched and never looked back.
From teaching beginners, I actually think Python + Flask has a similarly shallow learning curve, but more room to grow and to "do it correctly" (e.g. the templating is much cleaner and the routing much more powerful). I recommend it.
Hopefully you get the point.
(I do agree that PHP without something like Symfony, Yii, ... Laravel, even Cake could be very dangerous, or at least, counter-productive for amateurs trying to learn though)
The language you use pay second- and third order dividends, but most battles are fought and won on first order.
I'm a C++ developer, have shipped Java and C# and Haskell and Python and a bunch of other code in production. If a friend asks me to spin up a website for him/her quickly, I'd still do it in PHP.
Horses for courses.