Rip a shitty 80s mastered CD, rip to wav, flac, etc.
Get a remastered version of the same album (watch out for loudness war, avoid 2000s), and rip 192+ mp3 or 128+ opus, high quality settings.
Compare. I’ve found the new master lossy sounds better than my old flacs, due to the better source.
Still, space is so cheap I’m mostly getting 16-44 or 48k flacs for new stuff these days, the cost of space is under ten dollars and can reencode forever.
I think the coincidence (in time, not necessarily causal direction) of master quality issues and growth in lossy codecs is probably one reason people get confused by this. People are hearing crappy recordings, listening to it on mp3s, and drawing conclusions.
I think measuring this stuff is tricky because there's so many variables involved, from the master, to the compression (or lack thereof), to the amps, speakers, quantifying perception, etc. I agree with you completely but suspect there's a bit more to it.
However I see geeks debating file formats ad nauseum, and I did too for many years as well when storage was expensive. But when aiming for best quality, master quality becomes the primary factor.
* When the compression is done well. Shit compression makes itself known fast. If that shit compression possibly sounds okayish on 2000s style computer speakers, connecting the output to real speakers makes it even more obvious.
Not all compression is equal even if they do use the same codec.
The original point: lossless compression is not worth it, lossy is OK.
The counter-claim: only when the lossy compression is done well.
This is not about audio compression.
There is:
* dynamic range compression, referred to above as "audio compression" (confusingly)
* psycho-acoustic aka "lossy" data compression
* lossless data compression
The last two have nothing to do with the first.Because when you're in a recording/editing session it is referred to as compression. As is in, "we need to use some some audio compression for that last bit". Anyone within earshot would not think someone is suggesting throwing that last bit throw an MP3 encoder.
Today, most users are listening to AAC or Ogg Vorbis, not MP3. At typical compression rates, the distinction between lossy compression and lossless is completely anaudible. There have been many many blind studies of this, including some you can take yourself online right now.
Fire up your nice headphone amp, plug in your electrostatic headphones and take a blind test yourself. You'll find that there's no audible benefit to lossless compression. It's just a waste of network bandwidth and disk space.