This is what I find a bit alarming, too. My M3 Max MacBook Pro takes 2 full seconds to boot Slack, a program that used to literally be an IRC client. Many people still believe client-side compute is cheap and worrying about it is premature optimization.
Of course, some performance-focused software (e.g. Zed) does start near-instantly on my MacBook, and it makes other software feel sluggish in comparison. But this is the exception, not the rule.
Even as specs regress, I don't think most people in software will care about performance. In my experience, product managers never act on the occasional "[X part of an app] feels clunky" feedback from clients. I don't expect that to change in the near future.