I disagree. The colorful consumer oriented mac ibook clamshell g3 was USD $1,599 when it came out in 1999. That's $2,800 in today's dollars and it was orders of magnitude less powerful than this Macbook Air. The value per dollar you are getting is simply staggering.
The base model Macbook Air in 2010 was $1299 which means that you get compute and product improvements following Moore's law at deflationary prices. Humans have a hard time understanding the value of power laws. What Apple has done has given us something nothing short of superpowers and we've gotten complacent and feeling entitled to these continuous improvements despite the unbelievable amount of human ingenuity required to make it all work out.
After growing up on a Mac SE and going off to college with a Centris 650, I went through a string of windows PCs until the 2013 MacBook Air brought me back into the fold.
I still use the 2013 MBA almost daily—mostly as an external keyboard and screen for my iPhone notes, but it really slowed down with Mojave, so I’m trying to decide whether to pick up a cheap replacement M1 model now, or wait for sales on the M2. I think I can hold out a little, but won’t quite make the 10 year mark.
BTW, the c. 1993 Mac Centris was able to boot up last year (at 28 years old!), and thanks to an Ethernet adapter I dumpster-dived from work in the early 2000s, I was even able to get online with it without any extra configuration. Netscape Navigator doesn’t do too well with modern websites (and probably made for a baffling entry in some server logs), but I could at least load the Dole/Kemp ‘96 site.