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You know shit's bad when US media starts using the 'China bad' classic "but at what cost?" byline toward US consumers
Im guessing there's a sister article somewhere on Forbes reporting lower than anticipated earnings for US phone manufacturers
What are they even trying to say with the whole thing about Europe vs the US? If Europe had used their devices for shorter lengths of time, ie higher capital amounts spent on tech replacements, then they would have had higher productivity?
But that necessitates a level of investment that doesnt exist. Its like saying “if investments in the Congo were on parity with the US they would have increased productivity by 2 million percent”. Which is neither guaranteed to be true, as there are limitations in a smaller country, plus fairly useless to even say as there are limits on what is reasonably investable in the Congo without more risk than reward. Its literally useless econobabble arguing in favor of hypotheticals that make no sense on paper
Even the tech investments that occur already in the US make no sense on paper, consumer nor commercial. People dont need a new iphone every year. I get 5 years out of mine on average