this post was submitted on 24 Nov 2025
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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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[–] GenderNeutralBro@lemmy.sdf.org 66 points 3 days ago* (last edited 3 days ago) (2 children)

Jesus Christ what a dumb take. But at least they didn't say that millennials are killing the cell phone industry. I guess that doesn't make for good clickbait anymore.

Reminds me if the parable of the broken window, in which French economist Frédéric Bastiat explains the painfully-obvious truth that breaking windows is generally a bad thing, even though it drums up business for the glass maker.

But if, on the other hand, you come to the conclusion, as is too often the case, that it is a good thing to break windows, that it causes money to circulate, and that the encouragement of industry in general will be the result of it, you will oblige me to call out, "Stop there! Your theory is confined to that which is seen; it takes no account of that which is not seen."

It is not seen that as our shopkeeper has spent six francs upon one thing, he cannot spend them upon another. It is not seen that if he had not had a window to replace, he would, perhaps, have replaced his old shoes, or added another book to his library. In short, he would have employed his six francs in some way, which this accident has prevented.

I like the analogy with a surgeon or a firefighter.

Of course, the surgeon has to be available in case somebody needs an operation. But the best that can happen to society at large is that the surgeon is never needed because nobody's sick.

Same with firefighters. Of course they have to be there to fight fires, but it's better if houses don't start to burn down in the first place!

[–] TimeSquirrel@kbin.melroy.org 17 points 3 days ago (1 children)

The oldest millennials are in their 40s. They've moved on to talking shit about zoomers. It's kind of weird seeing everything repeat itself like that as I get older.

Nah, I'm collecting recipes for billionaire bacon.