I think you are experiencing what many are.
To be clear I am not an author, I am an IT Implementation Specialist and Security Consultant.
I have seen a steep increase in rather poorly created plugins and themes in various categories, as well as some very well thought through but handicapped (by plugin vendors) versions.
I have had plenty of conversations with my clients who simply did not understand the need, benefit, or potential fallout when it comes to using untrusted sources.
As others have described there is a systematic issue on top of it all. The current situation with WordPress and its Vendor aside, I can support the premise that we are seeing issues on almost every level when it comes to website or application development.
I spend more time on security loopholes in what I deem phenomenal themes and plugins, which are opened by third party vendors. Elementor, Divi, etc. are some of the bigger problems while WpBakery cannot be excluded.
I work with other developers and assist at times in their assessments and had a series of discussions in November of 2023, and raised some concerns based on their standard business practices as AI at the time started making “waves”.
As it stands I had forecasted a decline in clients (has happened), decline in revenue (clients less willing to pay the costs), and in turn in the reduction of purchases and staffing levels.
I want to say don’t despair, but the situation is sadly a reality, we are due for a few years of uncertainty based on global politics, but at the same time the elephant in the room is AI. We have seen improvements and growth on a scale which make the Industrial Revolution seem like a hiccup.
I personally believe most developers who show the care as you do, are worth every penny, but with economic contraction comes the closing of businesses, this in itself will affect most of us.
However what it does bring is the drive for efficiency (and here I don’t talk about AI). Analyse your products, find out if you can make them useful tools on a different level. Websites, themes, plugins before were performing some tasks, but now it is important to see if you can make them be part of actual business processes, and a little warning… That isn’t easy.
But I can guarantee you that most of my clients are looking at trying to make things better in their decision making and operations by providing staff with tools they can use. Forget the AI buzzword. It comes down to discovering who your clients (not the developers or designers) are and provide something else. They will pay for it.
I hope that helps a little, chin up you are doing a great job. Look at alternative revenue streams, and try to avoid too much of the cloud/ai environment.
Philipp