The big difference is the hardware evolution, now the rooms are full of server racks with sliding pizza boxes, and the terminals are prettier.
I, and probably a lot of the people here, spend so much time on the PC that every additional msec annoys me. If there's keyboard shortcut, then I'll learn it to avoid using the mouse.
Windows being a bloated slow mess even when run locally means that using it remotely all the time would be like torture.
I'm sure dealing with the 4k60 videos from my cameras would be a world of pain on the cloud too.
I don't need or want to pay a subscription for the tool I use for hours a day, with no advantages beyond vendor lock-in.
You need a computer either way... remote is basically all negatives when compared to local.
You are probably correct about 90% however.
90% of people are pretty ignorant about how their computers work, or how to use them more efficiently. They line up like lemmings to lose autonomy over their devices and pay subscriptions in exchange for the barest crumb of convenience.