The same could be said about plain HTML/CSS though. I think the author is correct overall and I don't really see improvement on the horizon. WebAssembly, while great that it exists, can morph browsers into some poor mans virtual operating system and this can lead to a less open web.
We already see more closed Platforms like Discord. I use it too, the product is completely fine, but it sucks in information that isn't availble on the open net if you don't go through the platform. Some communities exclusively use it and they get little discoverability through web searches. Sure, this isn't really related to Javascript/Webassembly, just a development I fear will increase and which could be accelerated with different approaches to languages.
A front-end scripting language available in every browser is very, very useful. I think few new languages could replace it here, I don't know of any at least. And I think a lot of flexibility is lost if you begin to transpile anthing into Javascript. Granted, for large projects it is pretty much a requirement to do so at some point.