But I think part of it is the modern densities have less tolerance for manufacturing issues, so if the disks work they work well. Kinda like the Mars rovers which only had to work 90 days but they really had to work, so they ended up working for years.
[1]: https://spectrum.ieee.org/a-flood-on-the-diskdrive-market
Backblaze even showed with their statistics that the "bathtub curve" is dead - new drives have a barely lower failure rate than middle-aged drives https://www.backblaze.com/blog/drive-failure-over-time-the-b...
Drives still have a meaningful average working life is what I see in te data. There's just barely any infant mortality left.
This lead to a lot of people doing things like intensive burn-in cycles for a week to test new drives before putting them in their machines.
When there are no longer early deaths (the "left" side of the bathtub), it's just "old things wear out" which doesn't have a special word for it.
The tub has not disappeared, but its shallower and longer.