> There’s a lot of stuff that works remarkably well even though it’s cheap.
Even light switches are pretty cheap. You can get a basic single light switch for around $2. Sure there's decora switches, dimmer switches, and all kinds of other great things for $50+ but the basic $2 ones will still last decades.
If you replaced the contacts with a triac and replaced the switch mechanism with a thick bistable flexure, it would likely last centuries and have a BoM cost around $2.
I’ve had 2 switches fail over the last 2 years out of the ~40 switches installed in the house. One failed by welding itself closed and another failed by caving into the electrical box when I hit it too hard. Even though the 40 year life expectancy of a single switch sounds good, the reality is that one fails catastrophically every year. I’d love to get more reliable switches that last well over a century, but I’m not aware of anyone that measures this sort of thing.
Even light switches are pretty cheap. You can get a basic single light switch for around $2. Sure there's decora switches, dimmer switches, and all kinds of other great things for $50+ but the basic $2 ones will still last decades.