A hundred years ago, everyone used the King James Version of the Bible.¹ Poorly though it reflected the common language², it was a shared experience, and things like memorisation and making and recognising scriptural allusions were straightforward, because everyone used the same words. Now, a wide variety of Bible translations are in common use, some more accurate than the KJV, some more loose paraphrases, all more understandable. There are some big advantages in this variety and modernity—but we have lost something. The shared experience had a virtue of its own, quite a significant one.
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¹ OK, by a hundred years ago the RV and ASV were used in some areas, but it was mostly as a distant extra to the KJV, not replacing it.
² I understand that some of it was already becoming archaic, or at least overly formal, when it was published, such as thee/thou (singular you). The fact is, it was “appointed to be read in Churches”, and they wanted it to sound impressive. Compare it with Tyndale’s translation almost a hundred years earlier, and Tyndale’s generally reads much more easily—because Tyndale wanted uneducated people to be able to understand the Bible.³
³ “And sone after Maister Tyndall happened to be in the companie of a learned man, and in communing and disputing with him, drove him to that issue that the learned manne sayde, we were better be without Gods lawe, then the Popes: Maister Tyndall hearing that, answered hym, I defie the Pope and all his lawes, and sayde, if God spare my lyfe ere many yeares, I wyl cause a boye that dryveth the plough, shall knowe more of the scripture then thou doest.” — John Foxe, Actes and Monuments (1563), page 570.