Someone posted this article on Facebook:
https://www.researchgate.net/publication/308647359_The_Effects_of_MP3_Compression_on_Emotional_CharacteristicsAs storage becomes less expensive and bandwidth increases, the value of compression decreases dramatically. Lossless has become the new standard for "ripping". In a few years, iTunes will offer lossless 44.1k/16-bit (CD format), then high res, which beats "CD quality". TIDAL will need to go to high res (96k/24-bit, for example), and Pandora will transmit CD Quality. Also, the article mentions MP3 rates down to 32kbps! Internet radio (free) goes up to 256kbps, maybe higher. At 320kbps, I doubt even 1% of audiophiles (self proclaimed) can reliably tell the difference from CDs in double blind testing.