Indeed. People who repeat this absurd meme either have a terrible memory or are just flippantly cynical. Computers 20 years ago were very slow compared to how things are today, this is especially true of professional software like compilers, digital audio workstations, video editing, photo editing, 3d modeling as well as common utility software like file compressors, codec converters, disk searching tools etc, but also gaming, video playback, and don't even get me started on internet speeds. It's just flat wrong.