Yea, it does apply. Honestly I'd argue that as you move up the abstraction layer cake, it applies even more. If a team gets a tool which 2x's their output (maybe a higher level language vs writing in C), then the difference in absolute output someone who produces 1 widget per day and 5 widgets per day becomes substantial. If you're given a tool which 10x's your output in a day, then it's even bigger. And of course you can have devs on a team who produce -.5 widgets per day.
Think about the worst colleague you've had, now give them a tool which 10x's their output :)