Patek Phillipe is 180 years old. “Normal” people used to need mechanical watches to get to work on time until 40 years ago.
Anyway, luxury goods don't have to justify themselves (at all) solely on their technological transfer. They are, PP in particular as opposed to mass produced Rolexes, works of human excellence.
There is nothing immoral in a watch that took a year of human hours to build that isn't immoral about Japanese artisanal charcoal.