I hope so. Or, at least, I hope that people stop thinking that the equation is as simple as "cheap == good value". A lot more goes into the value equation than just the price tag.
Basically everything becomes a market for lemons because identifying quality takes to much time or is outright impossible. Reputations are fleeting resources that are mined of value, if you're paying attention you realize they have little meaning anymore.
So as a consumer you basically just have to assume everything is crap. And then it becomes a self fulfilling prophecy because the non-crap brands can't be found and go out of business or turn to crap as well to compete with other crap.