Well, it might be accurate for the industry in general (e.g. going to higher level languages), but I don't think it's particularly the case with Python.
It's not like Python devs build abstraction towers beyond what the language already has an encourages (unlike, say, Java which has a well deserved reputation for this kind of towering abstractions, or say, web development).
If anything, a lot of Python effort is on Data Science and scientific python, where wrapped C/C++/fortran libs for maximum speed/minimum memory is the order of the day.
What exactly big gain-eating abstraction you have in mind that was added to Python at which point?