The first Crysis game was released in 2007 (8! years ago) and despite being an unoptimised mess is still graphically superior to most things released today.
Almost all windows games released are still primarily built on DirectX 9 (with a few optional newer components), despite DirectX 12 coming with Windows 10.
In fact, the major development studios have decided, that the performance offered by cheaply mass-produced consoles with yesterday's hardware is good enough. Why do you think specialised PC gaming communities are complaining that consoles are holding development back?
If anything I'd say the gaming industry is the embodiment of the "is good enough" mentality.