I don't agree with you. There was time when I was able to get more than my monthly wage just from faucets, I can't call it as bad thing. And about historical context - you forget how many people got introduce to Bitcoin and crypto world exactly through faucets.
No one's doubting that values may rise in future, though obviously it's a finite number that's going to become vastly more sluggish, but instead of spending ten hours to make a few bucks you can make more selling one old game or broken phone on Ebay and putting that into buying BTC.
You could've spent ten hours mowing lawns
and sold a knackered phone and wound up with 10x more BTC for the same amount of time expended and probably less grind. The same has applied at any point.
Actually, most of BTC that I got from faucets were received as referral cimmission, so, I didn't had to spend lot of time. I agree with your point about waiting long time until value will increase, but I didn't had to wait - these BTC from faucets were more than my monthly wage at the moment when I received it.