Simple engineering. Higher compression ratios means that the engine is running hotter and under more stress, ergo shorter life spans all things being equal.
You are probably thinking of current day where they have mastered the engineering. If you look at the Japanese auto manufactures you can see small steady increases in engineering, fuel economy and higher engine economy. They were selling cheap, dependable, fuel efficient cars – they had to master the engineering. Contract that to the North American auto manufactures which tried to increase engine compression – lots of issues there.
That being said, I would argue that today's highly reliable high compression engines have a shorter life span than GM's late 60s 455 cu in V/8. Very low compression, very low stress, very long lifespan. And it could be easily fixed. Overall carbon emissions are probably higher overall than a comparable car today even factoring in the longer time span. As they said, it "could pass anything on the highway expect a gas station".
Another good place is to look diesel engines. Once they lose the ability to retain compress it is time to junk them – not much can be done to rehabilitee them. Go on any farm and you can probably find a 1950s era 2 piston diesel tractor still running on the place. Once again those engines run on very low compression.