Raw was pretty good for the most part from 1993 until 2001, once you looked past the terrible one note gimmicks and cornyness. Certainly an improvement on Prime Time Wrestling. Helped it was only 60 minutes in length and you knew what to expect from a Vince McMahon product.Think of it like the first season of a tv show. Raw was almost unwatchable for like the first 5 years of it's existence.
AEW are just building their reputation right now, they'll grab more disgruntled Jon Moxley types and that'll eventually snowball into bigger stars jumping ship.
The biggest problem with AEW is it tries to be a bit of everything in the ring - NJPW, Nitro, modern indie circuit, 80's JCP, AAA etc. Then ineffective referees hence every matc, unrealistically, has a conclusion. So you get one big cluster. No worse but better than WWE. Out of the ring the presentation is mostly very good and usually logical.