Not really, pix.
You have to look at the history of the things.
Picaxe BASIC was developed by Revolution Education in England, for educational use at primary and high school level.
It is great for its target audience.
They are a commercial organisation, so charge a bit on top of each chip for the development and maintenance.
The software tools, manuals, circuit ideas, forum etc, are all provided for free.
They sell kits too, but freight makes those and the micros cheaper to buy from redistributors than from the UK.
Realistically, the difference of around $1-$2 on a raw micro (a guess on my part) and A$4 on a micro, is small cheese in the overall cost of a project.
The startup cost in knowledge and programming hardware is very small as a result of Rev-Ed's efforts.
Contrast that with a raw micro -cheap but programmer & lots of knowledge needed, or an Arduino -relatively expensive, lots of knowledge needed.
I'm not trying to promote Picaxe, but I applaud the concept, and find them easy to use. (Not that I've done much with them.)
Ken.