A low speed, low accuracy robot was tried with Rethink Robotics, founded by the Roomba guy (Rodney Brooks), who tried to compete with Universal Robots and got their clock cleaned. Nobody in industry wanted a slow, inaccurate robot, even at a good price.
What's holding us back in robotics is not the cost of hardware. There are plenty of use cases of $40k robots that are still not pursued because engineering special end effectors and integration is too difficult, not because of the cost of the robot. Reducing the cost of the robot to $10k makes no difference in those applications because it's not the gating factor.
The idea that companies will just figure out folding clothes and other complicated tasks because the cost of hardware falls is, I believe, fanciful, but I hope I'm wrong. Maybe "AI" will hand-wave solve it.