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We (in the West not only US, but also Australia and EU) are spoiled with cheap electronics.
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Back in 1977 I paid $2800 for a 28 inch stereo colour TV from Rank NEC directly. I got a decent discount as an employee of Rank. I didn't actually buy it for myself, I spent someone else's money and got them a big saving over retail and I made sure it went down the production line with care and was built to higher standards than most of Ranks JUNK.
I'd hate to think what size TV I could get for that money today in a cheaper brand. Rank were OK but not great quality for the money.
I then went to working for National Panasonic and their products and standards were far superior.
In saying that when I studied electronics back in the 70s I couldn't afford half of the equipment I needed to play at home, I didn't even get my first oscilloscope till the 80s. I had them at work but couldn't afford one for myself at home. Now I buy my son all of the electronics equipment I wanted when I started out that I could never afford and it's all cheap, well made and quite good for the money. Now we have everything.
God made the heavens and earth, everything else is made in China.
Sorry, a joke I was told the other day but it's close to correct I think.