Decades of innovation that have been invested, not to make a better product, but mostly on how to extract more and more money from their victims, I mean "customers".
I would like to own a printer again, but for printing something like once a month, I just can't financially justify spending several hundred bucks on a device that might, at the whim of the manufacturer, decide that the way I'm using it is not okay anymore, is probably designed to break after two years, requires me to sign up for a subscription service for ink, or whatever BS else the decision makers in this space come up with.
This is the dying gasps of an industry that is mostly irrelevant in the modern age.
When I was growing up we always had a printer, and while ink wasn't cheap, it wasn't too bad, so we used it a lot and printed everything we needed. The industry grew to expect this, most households with a computer also owning a printer and regularly buying ink for it.
This isn't the case anymore. So much of our lives happens "digital-only" that printers aren't needed by most people, and those who do need them don't need as much ink. I have never owned a printer myself, and my parents still own one but buy ink on a yearly basis now.
The market should be shrinking naturally, and so every printer company is trying everything they possibly can to grow or at least keep from shrinking as much. In the panic they are in, it's understandable that this will lead to crappy business practices.
Then they were horrible for 20 years until I decided to buy a Brother laser printer, and suddenly everything was right in the world.