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128

Americans are holding onto devices longer than ever and it's costing the economy (cnbc.com)

submitted 3 days ago by alyaza@beehaw.org to c/technology@beehaw.org

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The average American now holds onto their smartphone for 29 months, according to a recent survey by Reviews.org, and that cycle is getting longer. The average was around 22 months in 2016.

While squeezing as much life out of your device as possible may save money in the short run, especially amid widespread fears about the strength of the consumer and job market, it might cost the economy in the long run, especially when device hoarding occurs at the level of corporations.

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[–] its_me_xiphos@beehaw.org 29 points 2 days ago (2 children)

I am not an economist. I am not an expert on anything consumer. It is, however, plainly obvious that companies are trying to squeeze blood from a stone at this point. They can't make money anymore with pay to own and innovation like they used to for a variety of reasons. From greed to enshitification. If you look at it with a different view, everyone is poorer because they are greedy, they've ruined everyone's lives but must make numbers go up. So they find new and terrifying ways of screwing you over for diminishing returns. Like this. Relying on turnover sales and nothing else.

[–] Insekticus@aussie.zone 18 points 2 days ago (1 children)

From greed to enshitification. If you look at it with a different view, everyone is poorer because they are greedy, they've ruined everyone's lives but must make numbers go up...

This is the leading concept behind Capitalism. It's a self-devouring system. Every. Single. Time.

[–] its_me_xiphos@beehaw.org 15 points 2 days ago (1 children)

Yeah. I'd even say we went beyond late stage capitalism. We are now on the cusp of a feudalistic society more akin to the corporate dominance in Blade Runner or Eve Online, maybe The Expanse, then anything resembling capitalism. Corporations are more powerful than nation states, many people are indentured to their workplace via healthcare needs or non competes, etc. So there's that. This is an entirely new thread though so I'll stop it there. TL;DR - This shit sucks.

[–] Appoxo@lemmy.dbzer0.com 3 points 2 days ago (1 children)

Not close enough to CP2077

[–] Viking_Hippie@lemmy.dbzer0.com 1 points 1 hour ago

Yeah.. We're always getting all of the corporate dystopia and little to none of the cool futuristic tech 😮‍💨🤬

[–] gandalf_der_12te@discuss.tchncs.de 2 points 2 days ago

Relying on turnover sales and nothing else.

The best way to grow the economy is to develop spaceflight. If you fly to mars, there's millions of acres of free real estate waiting for you. Time to construct and grow the market.

There's no more meaningful growth on Earth possible, because the physical limits have been reached. This effect has been predicted as far back as in 1970 with the report: The Limits To Growth. We're finally seeing the effects of that now.