These articles are worth a read if you care about truth in audio: https://www.resolutionmag.com/content/slaying-dragons/
The better the resolution of a loudspeaker, the easier it is to hear lossy compression (for a given listener).
One of the things about a lot of modern home audio gear is that the frequency response tends to be surprisingly flat but the transient response is rather flawed – a lot of details are lost. Much of these can be blamed on cones which have high mass vs their cone area, poor stiffness and high self-damping. Conversely an older pre-1980 hi-fi speaker will often have much less flat frequency response but the lightweight paper cone drivers will show up more detail, as will modern high output PA drivers.
I don’t think people would have been as tolerant of the backwards step of MP3 if it had happened in the ’70s. But the gear of the ’00s hid it well. Same with DAB radio.