Indeed so. Printing on paper and other substrates is inherently subtractive in nature which limits the gamut of colors and values that can be reproduced. Digital methods make the job of translating additive to subtractive media easier vs. the analog techniques available to film photographers. In any case, the image quality classic photography was able to achieve is truly remarkable.

Notably, the dodging and burning used by photographers aren't obsolete. There's a reason these tools are included in virtually every image-editing program out there. Manipulating dynamic range, particularly in printed images, remains part of the craft of image-making.