This is such a contradictory sentence. The whole point of Moore's law was that software developers could do what they want, freed by limitations of hardware because in 18 months, when their product was ready for launch, the hardware became capable enough to handle it.
Forcing developers to focus more and more on performance (via threading, distributed systems, and custom die co-processors), rather than innovating new applications, is a huge shift. It's like the hardware developers gave up, and tell the software developers that it's in your hands now.
Also, comparing a hello world program 10 years ago to today is a meaningless comparison because no one uses hello world to do anything. A better example would be Excel in 1998 and Excel in 2018. Sure today, it's a 500 megabytes instead of a just a handful, but it does quite a bit more (for better or worse).
If web developers never learn to write multi-processing, multi-threaded, multi-programming, event-driven, decentralized or distributed applications the web will forever look like it looks today.