Yeah, the final hand work to deal with fit and finish, on the lower-end guns, isn't as good as "yesteryear". However, the relative costs in terms of hours worked in order to purchase a gun is less, now.
The quality of the tooling is such that an "average" rifle will shoot better than some of the more upscale rifles of fifty years ago. For instance, unless these Savage users are liars, almost any NIB Savage will outshoot an 1940s/1950s Winchester Model 70.
50 years back, two MOA was considered "plenty good" for a hunting rifle. Well, as far as Bambi is concerned, yeah. As far as today's shooters are concerned, no way.
In the days of nickel coffee, a Model 70 Super Grade was around $85 or so. What could you buy in the way of a rifle, today, for some $1,500 to $2,000?
Art