I mean, kinda, but for many types of work the volume and quality of what can be handled by even a consumer machine has improved immeasurably. A 13” MacBook Air today is far better at audio/video authoring, 3D, and code compilation among other things than a 90s machine that’s highly specialized at just one of those things. A modern workstation tower is practically an entire room of prohibitively expensive 90s workstations plus a render farm in one box, which is pretty amazing.

Of course there’s some things that modern tech really isn’t better at. Is a Ryzen 5950X RTX 3090 tower any better than a Dell Dimension 4100 running Word 2000 or even a Mac Plus running MacWrite for writing a novel? Probably not, but people aren’t buying top end machines for those tasks, and some stick to their old machines where they can.