Between those two forces (airlines cutting services in order to make flying available to more people, and airlines turning once standard features into high priced "premium" features to line their pockets at the expense of most travelers) the effect is pretty much the same: Most people who want to fly have no option, but to find the most affordable rates where they can expect to get substandard service while only a small number of very wealthy people get what used to be granted to everyone with a ticket.
Air travel was once a luxury experience at a luxury price, and things had to change to open it to more people, but things like standing seats (https://www.cnn.com/travel/article/standing-up-airplane-seat...) and fees for carry on bags are certainly not necessary and are just airlines abusing passengers for profit.
The “decent medium” market segment is actually fairly small. Hence why there aren’t really 100% premium economy cabins, they wouldn’t fill.
Bin space used to be plentiful in the back, so I'll give you that. And maybe you're checking bags. But here are some things you're missing out on in coach in 1980 that you get up front today:
- You're first-on.
- Drinks before takeoff (it doesn't have to be the champagne that comes by on the tray, you can ask for anything).
- Followed by a real service: drinks, appetizers, entree, dessert.
- Pillows and blankets that are actually comfortable. More than you'll know what to do with.
- Amenity kit, robe, slippers.
- A smoke-free environment.
- The brass ring, a 100% lie-flat bed surrounded by a privacy partition.
- You're first-off.