We squeezed everything we could squeeze over the last decades, getting better products / quality of life (in the west at least). Now that there is almost no one left to abuse (ie people on the other side of the planet willing to work for pennies) we'll have to get by with shittier products, more working hours, later retirement, worse public services, etc.

Many product segments peaked and the only way left to extract more money from us is to either lower the quality so that it's cheaper to make/break faster or subscriptions/ads.