> but they generally at least did the job adequately
Did they, tho? That's not my memory of cheap 90s/noughties era washing machines, at all. If you go back much further than that, cheap machines didn't exist; adjust the price of a basic 80s washing machine for inflation and you're looking at something that's more than most people would pay for a washing machine today.
EDIT: One thing that the 90s cheap machines were better on was noise, though. It's not that the modern ones are _louder_; I think they're actually lower decibels. But the motors, especially the pump motors, in the newer ones make a much more _annoying_ noise.