It is, because everything is being optimized into literal minimum viable products. That's how competitive markets work - whatever aspect of your product or business you can cut out to save money and thus get ahead of your competitors, you will cut out, and then your competitors will cut it out too, in order not to get outcompeted by you. This race-to-the-bottom phenomenon is fundamental to how competition works, and the result is that products gradually lose quality.
It's the reason why your grandfather's washing machine probably works 'till this day, while you have to fix your new one every year, and will probably replace it in five years. "Building to last" is a good example of a quality that the market economy optimized out over time across pretty much all products in all sectors.