These late period Paul Graham essays are so wildly out of touch. It's like he hasn't had a conversation with a normal person in 15 years. He seems obsessed with pointing out that it's slightly easier to get rich now, while ignoring the fact that it's drastically easier to become poor.
As always, completely removed from reality, ivory tower bullcrap. Only a subset of the workforce has the luxury to be able to start a company. It is cheaper now and for good reason. There's not a whole lot of demand.