This is attributable to survivorship bias and the democratisation of information. We aren't exposed to the 99% worst books, plays, pamphlets, and sermons of the 17th century, but we experience the dull ramblings of our fellow 21st-century citizens daily and through many delivery channels.
That is correct, but if we compare the top 10 literally work of the last 20 years to the same period 500 years ago... Do you think the quality has improved?
Do you think many people will read Stephen King in 500 years?