I expected distributed parallel computing to be the norm, for software to get faster, not slower, and for advances in algorithm design to lead to more efficient

I expected distributed parallel computing to be the norm, for software to get faster, not slower, and for advances in algorithm design to lead to more efficient, robust, advanced solutions to common problems. We still build ETL pipelines to process text files into new text files on a single machine like it's 1995. Oh, but it's a virtual machine now. Progress?