You must not have actually experienced computing in the past.

In the dark, distant past, we wrote programs that ran in kilobytes of memory on a double-digit-MHz CPU. Multiple cores or threads did not exist.

Today, the same program requires gigabytes of RAM and takes multiple seconds to do the same work with 32 4GHz CPUs.

This is truly not an exaggeration. Everyone who actually handled a Windows 95 machine in its natural environment will tell you that the experience of using a computer today is ten times slower and forty times more frustrating. Computers are slower than they ever have been, despite having hardware that is fast beyond the limits of anything we even dared to dream of in the 90s.