For office attire or going out, sure.

If you're doing repair work, running lines, etc, a watch is the choice. Your hands are busy, so a watch is what you need (Except for specific trades where you don't want to risk it getting caught in machinery).

I can say with 100% certainty that I know large swaths of folks in their 20's and 30's who regularly wear watches. Some smart, some digital, some analog.