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Aluminum wire is cheaper than copper

2 wire cord is cheaper than 3 wire cord

epoxy insulation can stand higher temperature than cotton so the new motors can use less copper and steel so are cheaper and less efficient

brass bushings are cheaper than ball bearings

plastic gears are cheaper than metal gears

plastic takes less time to make than porcelain so is cheaper

crimpy terminals dont need skilled assembly like solder terminals

and give point contact rather than solid contact

nylon ties need less skill than linen serving cord

brushless dc motors are not DC at all but brushes require occasional maintenance

bean counters are not engineers

insurance companies are not doctors

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