It's better for new people joining, each cycle brings some improvement over the last typically.
It also equalizes the playing field every few years, you become an expert in the latest new thing as there isn't an old guard. Some new web framework comes along, you can invest in that and become leet, where its very difficult to start new in react today and achieve that.
This isn't to say past experience isn't valuable or helps you adopt things more quickly, can make you cynical about the new shiny and sometimes miss out on the actual improvements, even if small. I
