That is true to an extent, but the main point is that it's not like the past was a glorious land of milk and honey where everything was cheaper and easier. I am always amazed when I see how much things used to cost back then compared to incomes, especially TVs and other electronics. That's a big part of the "built to last" reputation of older goods- they were literally built better, but they were also priced accordingly. A cheap appliance back then was a used one. There simply wasn't an option to buy a cheap one new.