Comment by araes
Had a very similar conversation with a plumber last winter. Pipes exploded because of the cold and flooded the basement. Plumber came over to fix the issue and we talked about the tools while working.
Paraphrased statement was something like "The company that makes these tools could make a high quality product that was rust, corrosion, and abrasion resistant. Except they don't. They make me a cheap wrench, that's planned for obsolescence, and rusts after a few months on the job. The company I work for could buy me a high quality set of tools. Except they don't. They buy me whatever's cheap and don't especially care that they have to buy it again in a year. And then they expect me to go to your house and care."
My dad told me that tools were expensive, and were lucrative targets for theft. I inherited that mentality, but over time I realized that tools had gotten rather cheap. I buy tools from the pawn shop, they're cheap as dirt. For example, I bought an electric chain saw for $10. It works fine. A nice toolbox for $5. I can't see a market for stolen tools these days.