I disagree with the "only" part here. Imagine a distribution curve of photos with shitty photos on the left and masterpieces on the right and the height at the curve is how many photos there are to be seen at that quality.
The digital camera transition massively increased the height of the curve at all points. And thanks to things like better autofocus, better low light performance, and a radically faster iteration loop, it probably shift the low and middle ends to the right.
It even certainly increased the number number of breathtaking, life-changing photos out there. Digital cameras are game-changes for photographic journalists traveling in difficult locations.
However... the curve is so high now, the sheer volume of tolerably good photos so overwhelming, that I suspect that average person actually sees fewer great photos than they did twenty years ago. We all spend hours scrolling past nice-but-forgottable sunset shots on Instagram and miss out on the amazing stuff.
We are drowning in a sea of "pretty good". It is possible for there to be too much media. Ultimately, we all have a finite amount of attention to spend before we die.