Definitely true....but what has also happened is there is also a proliferation of shit code that people actually use and experience. It's not as if people eventually admit that software engineering is hard and then actually make something good. We just get more shit. Like how every second site nowadays has that nasty fade-in scrolling effect, that the cursor is overridden, etc. Or Wordpress plugins...
In my opinion, not a good direction. Maybe just good for the stockholders and investors and someone wanting to make a quick buck.