This was the approach Douglas Englebart took in the lead up to the Mother of All Demos (MOAD) and it's unfortunate people have forgotten that bit of history.
There is so much that can be done to improve the lives of people if we simply focus on how to optimize a variety of things that have to happen every day. This doesn't mean we should forsake longer-term goals like fully autonomous vehicles or other things, but it does mean that some of those who are most capable of making a very real and significant impact in the lives of thousands of people are forsaking that opportunity.
There is also often the argument that such near-term thinking will lead us to a local optimum in terms of technology advancement, but I don't see that there has been significant evidence to support that claim. After all, Englebart's demo of version control and collaborative editing (among other things) was over 50 years ago and that didn't seem to stall technological progress.