Yep. It's so insidious, stupid, and destructive. Every recording artist and consumer has superb fidelity available, and yet today's music sounds like absolute shit.
I have 45s from the '80s whose sound quality utterly destroys all-digital masters from the last decade. And that's not a digital-vs.-analog thing; I can make MP3s out of those 45s that will still destroy "lossless" versions of the same song on Apple Music.
Makes me think of Oasis records from the early 90s that were mastered to be the loudest sounding songs on the pub jukebox, and they were, then.