I disagree. It's easier to get the non-technical in my life to remember one password than many. And most of them can't even manage that. I too have failed many times with 1password. It's literally one password and they can't remember it. It makes me understand why I keep seeing new email addresses: the moment their phone dies, they are out of luck because they don't remember their email passwords. At least magic link is one less password for them to forget.
And when they can't log into the email to get their magic link because they don't know the password?
We're just moving the problem