Looking back at people looking forward never fails to fascinate – in order to judge predictions, of course, but also because of what these stories tell us about the cutting edge of thought and values at the time. On the whole The Time Machine works well from this sort of perspective, the predictions are far too far into the future to be judged, and the concepts do seem at least modern in a pre-war sort of way. As a work of literature, it starts well, sags quite a bit in the middle (or perhaps the reveal about the morlocks was shocking at some point – it isn’t now), then gets its act together again at the end.
Time travel was not an original concept, but H. G. Wells coined the term “time machine” and his concept of a sort of fourth dimensional vehicle is still the one we tend to go to when we create these kinds of stories. The ideas of The Time Machine are still everywhere, but generally not unmediated – the film adaptations have all been pretty terrible.