I don’t even know what you would call the soaps these days. They aren’t particularly realistic. They aren’t really fantastical. They just don’t have much range at all. Part of it is budget. Part of it is just inertia—it’s so easy to take the path of least resistance when baby switches and endless shallow triangles have worked in the past. No need to frighten execs/advertisers with anything too out there or too potentially “depressing” like COVID. Patrick Mulcahey has talked about this stuff.
But they’ve also chosen to cater to a subset of Middle American Facebook Karens solely—possibly out of mere necessity—as their other viewers simply have too options to get more “realism.” The current daytime audience has been trained to want a certain thing out of their soaps, and we see how vocal and entitled those viewers become when they don’t get it. Those viewers don’t appear to be interested in a deeper exploration of life or anything that doesn’t validate their insular view of the world.
But I’m also one of those naysayers who doesn’t believe soaps could really gain much traction again. The world has evolved past them, and other genres have stolen their tricks.