Not all wrestling was better in the past. You don't always have to be born earlier.
WWE's decades-long monopoly over the mainstream has raised several generations of fans to accept a number of troubling norms as the "right" way to do things. This - much like WWE's initials still being the shorthand for wrestling in general - is the power that market dominance (and complete ownership) provides.
Billionaire-backed AEW is not a little engine that could or some sort of plucky upstart organisation, but by adhering to so many more long-standing tenets and attempting to create new ones, they are trying to retrain audiences conditioned to cheap finishes and dreaded "protective" booking measures. To be successful beyond its first four years, Dynamite can't be a show that leans entirely on the past. But to not embrace the elements that worked would be the sort needless negligence thankfully not yet exhibited by their booking practices.
It doesn't work every time. There is nothing - nothing - on a, say, a 1982 edition of the World Wrestling Federation's weekly television show that would stand up against just about any Seth Rollins match from 2020, and one of them included a man's f*cking eye being extracted. But that's not to say that same episode wouldn't have tight psychology worth studying, or a connection between babyface and audience a contemporary star could grab from.
The below personas have mostly been consigned to the past. But then, if wrestling's as cyclical as all the old-timers say...