Yeah, I get that. I'm not an audiophile and my income does not allow me to even dream of anything in the mid four figures (at least not without saving for several years), but you are right. There are plenty of high value examples and more coming soon! The speaker market is a good example, more speakers are coming out that are dropping in price, but using the same technology and parts as the uber-expensive siblings! Some speaker manufactures and designers are figuring this out resulting in more choices! The days of having to spend five figures or high four figures for great revealing speakers are drawing to a close.
Also just because something doesn't have an "audiophile" badge or sticker on it and a five figure price or more, doesn't mean it is crap and isn't high-end or "audiophile".
I've heard entire systems costing less than $5k blow away systems costing double that or more. Set-up is part of the secret.
There is a fair choice of gear out there that punch well about its price and a bit more coming. Sure, maybe the cartridge market has gotten tight with some gouging taking place, but with all the carts out there (nearly too many to count), there is still something for everyone. Prices are in constant flux, so I imagine when the cart makes figure out that they can't ride on the analog vinyl renaissance the way they think, they will adjust. (Simple business equation: lower price = sell more units = larger profit). They will figure that out, no worries. I see it happen from time to time.
As for carts though we have to keep in mind the labor involved. For instance, the Ortofon 2M series from the Bronze up are 100% hand made. Even the 2M Blue is 60% hand made! The folks that do this deserve to be paid.