"I would just like to say that in regards to durability, high quality merino is VERY VERY durable. I have been wearing merino socks, underwear, and t-shirts every single day for the last year, and none of them have any holes. Of course, you have to buy a good brand. For socks I use darn tough, and for shirts/undergarments I use Icebreaker. The stuff is just very well put together."
High quality merino socks are in a different category. They are highly worsted. Wool has such a low tensile strength, especially when wet, that long ago people figured out that you had to tightly twist multiple strands of fibers together to increase the durability OR felt it strongly so that the fibers interlock creating strength in numbers/unity.
Darn Tough socks for example, use very highly worsted wool, and because it's thicker yarn, it will be more durable. If you had a baselayer made out of equivalent yarn that is used in their typical socks, it would be rather heavy and thick. You don't notice this, because it's such a small item, and typically there is a moderate amount of nylon added to increase durability and strength.
This does not apply to thinner merino, like many baselayers. Sheep's wool has literally one of the lowest tensile strength of any textile, and it's especially weak when wet.
There have been plenty of accounts of people here and other places that went on thru hikes, and had their thinner wool baselayers in rough shape by the end. Synthetics generally are MUCH more durable per similar weight, weave, and volume.
Now, if you're talking a Filson coat made out of thick, felted wool, that also will last a long time and be very durable and strong.
Like most things, wool is relative. Black and whites need not apply. I'm speaking from a combo of experience and research. I'm not a wool hater. I like wool synthetic blends quite a bit–particularly MeCo stuff. For the budget conscious, Dri-Release wool is ok, but i wished it wicked better. One could lightly sand the inside to increase wicking.

