Business Insider copied that from another article in Gothamist [1] several months ago. It was even discussed on HN back then.
Most of the NYC subway signaling technology is relay-based from the 1950s, so it's not quite a century old. Those lever machines at West 4th St shown by Business Insider are rare; almost everything is electrical.[2] The 1950s technology from General Railway Signal is quite good; it's just high-maintenance. Here's a 1950s era panel, running automatically and unattended during off peak hours.[3]
That technology really is quite good. All vital relays are open in the stop condition. All broken wires result in red signals. This is a basic design principle of classic railroad signaling. The mechanism for stopping trains[2] is brutally simple; a steel train stop comes up at red signals which, if a train tries to pass it, will be hit by a valve lever on each subway car which will directly trip the air brakes. The position of those levers is monitored by circuits which insure that there are always train stops in the up position between trains. If a train stop lever won't go up (ice, mechanical breakage, somebody or something holding it down) the previous train stop won't go down, maintaining protection, and signals will be forced red until the problem is fixed.
One reason it hasn't been replaced is that the newer technologies don't have as good a track record. The old stuff is very rugged, and is known to survive dirt, ice, snow, vandalism, traction power, vibration, rocks, water, and idiots.
How can you say they copied this from Gothamist, especially considering Gothamist hardly ever creates their own content? Business Insider summarized the exact same video Gothamist did in your link, but they added more pictures, relevant quotes and helpful diagrams. Gothamist barely did any work on this article, they just posted a quick summary of the video. Oh, but they added this insightful gem: "This shit is OLD, like grizzled dude who won't stop stabbing at the back of your plane seat because he can't figure out the TV touchscreen old." Oh and if you want information, you can click on one of the equally vague gothamist links.
It's like, people complain about how shitty reporting is these days, but when a publication puts some time and effort into its stories, people complain about how they ripped off a rag that covered the story earlier even though they did a shitty job at it.
A few years ago my Dad did some consulting (HAVC power) for the Tube in the UK and he was amused to find that the 1930's vintage equipment was lasting much better than the new 1970's gear.
...now, we should figure out why the older stuff lasts longer. But it's inevitable that the older stuff is more durable. If it weren't, it wouldn't exist.
In general, the things which survive are over-engineered. The wires are several guages larger than they need to be, there are backups for the backups, and the underlying technology (magnetism, switching) is hundreds of years old. In contrast, many of our electronics use components which are barely larger than they need to be (if at all), and rely on technology which is younger than a single generation.
Now then, we do still create technology which lasts - it's just not as frequently found in consumer tech. Take stoplight timing switches as an example. They use electronics, and work in some incredibly extreme environments, and are reliable more often than not.
Exactly it was only 15 or so years ago that one electrical firm local to me stopped producing knife switches - thats the big switches (steam punk style) you see in Frankensteins lab film sets.
1970s electronics wasn't very good. Until the 1970s, complex electronic devices mostly stayed in labs, computer rooms, and military facilities, where they were cared for by technicians. In the 1970s, consumer electronics beyond the TV set appeared. Transistors and early ICs were reliable enough to make this possible.
But now a host of secondary problems had to be solved. Soldering of PC boards wasn't a reliable mass production process yet. Plastic cased ICs weren't perfectly airtight. Connectors were not yet reliable. IC line quality wasn't consistent. IC wire bonding was done by hand. "Purple plague", caused by contamination from the wire bonding process, corroded ICs internally. Phenolic PC boards were subject to hairline cracks. ICs lacked electrostatic discharge protection on pins and static electricity could easily damage them. Power supples could not maintain voltage during power line sags and spikes. RF shielding was poor; devices both emitted too much RF and were sensitive to RF in the area. Many signals between boards and units were relative to ground, not differential, and ground loops were a problem. On top of all this, it took a lot of components to do anything, so everything had a high part count and many interconnects, all points of failure.
Every one of those problems has been solved. But that's why 1970s electronic devices were troublesome, and didn't age well.
Now, though, we have electromigration. Slowly, atoms creep across barriers just from statistical diffusion helped by electric fields. This is a very slow process, but with IC features so small, not that many atoms have to move before something fails. It's possible to make high-reliability electronics at a larger line size with current quality fab technology, and this is done for aerospace and some automotive applications.[1] Still, few consumer parts today have a design life longer than 20 years.
If it's really a rip of the Gothamist content, without much value added, I hope the link can be changed by admins. Such behavior should not be acceptable.
Most of the NYC subway signaling technology is relay-based from the 1950s, so it's not quite a century old. Those lever machines at West 4th St shown by Business Insider are rare; almost everything is electrical.[2] The 1950s technology from General Railway Signal is quite good; it's just high-maintenance. Here's a 1950s era panel, running automatically and unattended during off peak hours.[3]
That technology really is quite good. All vital relays are open in the stop condition. All broken wires result in red signals. This is a basic design principle of classic railroad signaling. The mechanism for stopping trains[2] is brutally simple; a steel train stop comes up at red signals which, if a train tries to pass it, will be hit by a valve lever on each subway car which will directly trip the air brakes. The position of those levers is monitored by circuits which insure that there are always train stops in the up position between trains. If a train stop lever won't go up (ice, mechanical breakage, somebody or something holding it down) the previous train stop won't go down, maintaining protection, and signals will be forced red until the problem is fixed.
One reason it hasn't been replaced is that the newer technologies don't have as good a track record. The old stuff is very rugged, and is known to survive dirt, ice, snow, vandalism, traction power, vibration, rocks, water, and idiots.
[1] http://gothamist.com/2015/07/28/subway_steampunk_video.php [2] http://nycsubway.org/wiki/Subway_Signals:_Train_Stops [3] https://www.youtube.com/watch?v=RStJ621auaU