Thats total bs, tech advances make games production no harder now than the good ole days. Games development has driven tech advances just like any industry.
Games maybe far more advanced but so are the tools/production methods. Look at Hellblade Senua's sacrifice? A game arguably far more advanced than anything Bungie do from a tiny studio Ninja theory, 20 odd people did that?
By far the biggest increase in costs is advertising, Producing misleading ads to sell increasingly substandard games.
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