I'm not sure it's that worthwhile for most things. Glass is made of sand, which we have plenty of. Cardboard is trees which are renewable. Plastic is petroleum and it's probably better that we use it and bury it then burn it. Metal is rarer and some of that is worthwhile to recycle but again not like we're running out of iron ore. We also have plenty of land to bury stuff in.
The thing we should focus on is carbon footprint. Reducing that is an immediate need and has long term benefits. We should not be burning more carbon to conserve the things we have plenty of.