Well, modern JS is MORE performant that classical scripting languages in benchmark cases, but the fact is that your browser freezes on half of js CRUDs that do data processing, while an analogous Perl application works at near light speed in comparison.
In half cases like that, stuff like sorting, list comparison, deduplication are done in a way that will score low mark even by standards of first year university program.
This is telling of web development industry's approach to doing business.
The most horrid examples of "LAMP sweatshops" of 10 years ago pale in comparison to what the industry has devolved into these days.
My own experience being an involuntary webdev for 3 years left me with following impressions:
1. Webdev is the largest commercial development niche in the whole tech industry. Everything else pales in comparison. It is also about making money quickly. A webapp or even a promo page SPA for a major consumer brand these days can cost up to $100k easily. $100k does not seem a lot to most people here, but such money can be well offered for a 1 month project for a team of of 6-8 professionals.
2. The industry is dominated by shops with 20 to 30 people headcount. Web dev studios generally don't scale much above that because of talent flight. Loss of a single senior dev who supervises hordes of lowest tier mule coders is often the end of a business for most of companies.
3. People from "big dotcom" world are near oblivious to ways of small web dev shops. For people who began their careers at 60k a year internships, getting into shoes of a person who does coding for 30k a year is impossible.
4. Talent flight and turnover is real.
5. This is all about really expensive quick and dirty code.
6. "The big dotcom" type of companies tried time and time again to tap into the market to extract rents, and with exception of Macrovision nobody ever succeeded. This is the reason Adobe is lobbying for unusable, unwieldy APIs in hopes of selling tooling for it.