Yep. In 1999, my shop had machines that could routinely hold 0.000050 (50 millionths of an inch.) When I told this to my then 90-year old great uncle, who had been a machinist during WWII, his first comment was, "How do you even measure 50 millionths of an inch?"
He hadn't been inside a machine shop for 30 years - when I brought him a little titanium doodad (cup-shaped, looking somewhat like a bullet casing he made in the 40s) our shop made for a satellite which we shaped on a Swiss turning center, heat-treated, had a small bridge cut out of the bottom with an electric arc discharge machine, then electropolished to a mirror finish, he was absolutely flabbergasted. He simply couldn't grasp the change in machinery from the Browne & Sharpe lathes, Model B Davenports, etc. of his day in terms of accuracy, stability, precision.