It feels like the author might be exaggerating ever so slightly, but it conveys a general feeling that things are built cheaply and without durability in mind. To me, whether it's worse or better than before is somewhat of a moot point. To follow their example: after a hundred years of building juicers, we should have global juicer expertise. The generations of juicers created, the feedback on the models, the breakag…
The top shelf stuff is in many cases still on the market, and might even be at roughly same-price after adjustment for inflation, but for Joe Sixpack, affordability trumps durability & repairability.
This might be a dreadfully oversimplified explanation, but it's my strong impression after seeing decades of market (d)evolution.