Yes, that's what the comment means.
We are back to the baseline. The availability of our tools isn't adding anything in the long term because the productivity increase we get from the tooling is negated by the time we're back to doing it the old fashioned way due to downtime, so there is no claimed productivity increase espoused by the pontificators of the tooling.
This is an argument for returning to living in caves and hunting mammoths for fear that our modern civilization becomes unavailable for a day or two.
I'm down