The technology is important, but you forget consumer trends. Recording engineers aren't just artists, they are paid to make successful releases. That means following whatever gear, however people are listening. A recording made for a boom box of the 1970s or 80s won't cut it with the best systems out there.
To give you some idea, check out this NPR report:
https://www.npr.org/2009/12/31/122114058/the-loudness-wars-why-music-sounds-worse
Even with great technology you can make really bad choices.
To give you some idea, check out this NPR report:
https://www.npr.org/2009/12/31/122114058/the-loudness-wars-why-music-sounds-worse
Even with great technology you can make really bad choices.