Not that it helps to recover older data, but things are better with Blu-ray today; at least if you buy decent quality discs. Advertised lifespans are multiple decades, up to 100 years, or even 500 years for "M" discs. And in the "M" disc case, it's achieved by using a non-organic dye, to avoid the degradation issues.

Which is why the format has generous error correction built in.