@falgn0n This is still *very* true.
Modern mass-produced shoes/boots rarely last more than a year or two. My Red Wing boots cost about 2-3 times as much, are over 6 years old, and still going strong. And, if I wear out the soles or damage them, Red Wing can repair/resole them for less than the cost of a new pair of cheap boots.
And that's just shoes. A friend bought a decades-old Kitchenaid mixer at an estate sale. Replacing the motor brushes on it was literally a 2 minute job. They still make them the same way.