There is a hypothesis that older music seems better because it is cherry picked, and is being unfairly compared against a random selection of new music.
That hypothesis is, unfortunately, starkly false.
Music nowadays really is crap; time is not helping it. If we use our 20/20 hindsight and pick the best music of, say, the past 50 years, it will be heavily weighted toward the first 20 of those years.
Thirty years ago, sure, I thought that a lot of "music nowadays" was crap; but, unlike today, I also thought that a good deal of it wasn't.