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.

Research released by the Federal Reserve last month concludes that each additional year companies delay upgrading equipment results in a productivity decline of about one-third of a percent, with investment patterns accounting for approximately 55% of productivity gaps between advanced economies. The good news: businesses in the U.S. are generally quicker to reinvest in replacing aging equipment. The Federal Reserve report shows that if European productivity had matched U.S. investment patterns starting in 2000, the productivity gap between the U.S and European economic heavyweights would have been reduced by 29 percent for the U.K., 35 percent for France, and 101% for Germany.

  • muffedtrims@lemmy.world
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    24 minutes ago

    Perhaps it’s all the cell carriers moving from 24 month device payment plans to 36 month terms. Flagship devices have become so costly that to keep the monthly device payment plan price the same the term needed to be extended.

  • tgcoldrockn@lemmy.world
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    25 minutes ago

    That collar round your neck? Silicon Valley. They are the overseers. The technocrats are kings, and your friends and family won’t think another second about it. You lost privacy. Your lives are surveilled and sold on the market. Your splitting hairs over minutia and stupid fights over anything but regaining civilian autonomy over your life and data pleases them. More distractions are coming everyday in the distribution channels they control.

  • blueworld@piefed.world
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    2 hours ago

    This article is framed from a capitalist CEO, and while it touches on reality, feels incredibly lost in it’s point.

    Cassandra Cummings, CEO of New Jersey-based electronics design company Thomas Instrumentation. …

    Both the cellular and internet infrastructure has to operate to be backwards compatible in order to support the older, slower devices. Networks often have to throttle back their speeds in order to accommodate the slowest device

    I’d Boohoo, if they actually were thinking about rebuilding the network stack to consider something like MultiPathTCP and reframed the devices to actually use all the networks they were on rather than a single one… But no they want you to by a single provider and depend on that plan… For the economy.

    Further Telecoms choose not to upgrade towers (to save costs). In 2023, AT&T/Verizon spent $10B less on network upgrades than projected. Because they were being profit-driven underinvestment.

    She does go on to say:

    To ease the transition to new technologies, she says there should be designs that are repairable or modular rather than the constant purge and replace cycles. “So perhaps future devices can have a partial upgrade in say ethernet communications rather than forcing someone to purchase an entirely new computer or device,” Cummings said. “I’m not a fan of the throw-away culture we have these days. It may help the economy to spend more and force upgrades, but does it really help people who are already struggling to pay bills?” she said.

    So slightly redeeming.

    The article also makes note of repairing:

    He adds that when people hold onto their phones or laptops for five or six years, the repair and refurbishment market becomes an active part of the economy. But right now, in both European, American, and global markets, too much of that happens in the shadows.

    But this attempt to point out that productivity is lost on old devices:

    The price to the organization is then paid in lack of productivity, inability to multitask and innovate, and needless, additional hours of work that stack up. Workplace research conducted by Diversified last year found that 24% of employees work late or overtime due to aging technology issues, while 88% of employees report that inadequate workplace technology stifles innovation. Kornweiss says he doesn’t expect there’s been any improvement in those numbers over the past year.

    There’s a disconnect between the numbers and behavior. Many workers report that aging devices stifle productivity, but like a favorite pair of shoes or an old sweater, they don’t want to give them up to learn the intricacies of a new device (which they’ll learn and then have to replace with another). Familiarity can trump productivity for many workers. But the result of that IT clinginess is felt in the bottom line.

    Fails to point out the waste of resources and it’s impact on climate, health, and the economy; loss of privacy and it’s impact on democracy, health, and yes the economy; and also how often new things don’t actually help productivity…

    Some how the “Upgrade to help the economy” falls flat when you consider Windows 11 and it’s non-upgrade upgrade. Or MS Office which is still producing Word/Excel/PowerPoint/etc decades later with the same shortcuts. Your ‘productivity lag’ is your boss refusing to train you not your laptop

    I mean if upgrade = economy, why does Apple sit on $165B in cash? They should spend it — not you!

    Profit-driven innovation that wants to sell us the same iPhone with a new camera, is not helping the economy. We need real innovation that disrupts big tech as much as it disrupts everything.

    Oh and that ‘business equipment investment’ from the fed was about factory robots and large capital investments, not phones.

  • bitjunkie@lemmy.world
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    3 hours ago

    wHy ArE mIlLeNnIaLs DeStRoYiNg ThE pRiCe Of ____?!#1

    Because we don’t have any fucking money, idiot.

  • Whirlygirl9@kbin.melroy.org
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    3 hours ago

    29 months?! I don’t get rid of my device until it doesn’t hold a charge for longer than 10 minutes and no longer has security updates provided…My last phone was 7 years old.

  • lemmyout@lemmy.zip
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    3 hours ago

    One of the things the article says is that “most people want newer phones” (if they could afford it). Do y’all feel that way?

    I think I wouldn’t switch my 4 year old device even if someone gave me a new one for free. Just the hassle of changing to a new phone is not worth it when the new phone isn’t that much better. I’m just so over “tech”. I don’t have that excitement of new gadgets anymore.

    • krashmo@lemmy.world
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      3 hours ago

      Same. I haven’t seen what I would call a new feature (or at least one worth a shit) in a decade. What the hell do I need 5 cameras for? Plus, the obsession with making devices thinner is so annoying. I’m still mad they took away my headphone jack.

  • Postmortal_Pop@lemmy.world
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    3 hours ago

    This is utter bullshit. I’ve not bought a new phone in 7 years and even then the economic damage causes by my purchasing habits in those 7 years is an insignificant spec in the face of the economic damages wrought by the single Walmart in my home town each month.

  • Screen_Shatter@lemmy.world
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    6 hours ago

    Holy shit keeping a device longer than 2 years is “device hoarding” now? Thats fucking nuts.

    How do you invest so much money in a device like that and not make it last? I’ve got one phone I use for work calls thats 10 years old. People are still shocked I dont even have a case on it.

    • Bakkoda@sh.itjust.works
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      5 hours ago

      When every single business is slowly getting to the point where they need you to be a consumer whore just to survive, yes.

    • vaultdweller013@sh.itjust.works
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      5 hours ago

      My last phone up until a couple months ago was from 2017, apparently I am just a mega hoarder. Don’t look at the pile of miscellaneous bits of tech, the Omnisiah demands I collect the shinnies.

      • Assassassin@lemmy.dbzer0.com
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        5 hours ago

        Honestly, if I could just upgrade the CPU and replace the battery every once in a while, is still be using a Note 3 or nexus 5. Those first few generations of notes were awesome.

    • notsure@fedia.io
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      4 hours ago

      …hands up anyone using laptops or desktops older than 15 years?.. …right here, bitches…lol…

    • Riskable@programming.dev
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      3 hours ago

      It’s because economists haven’t got the memo yet that informs them that smartphones have been recategorized as, “durable goods”.

  • Formfiller@lemmy.world
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    4 hours ago

    The economic outlook is nobody having jobs and a bunch of racist sexist pedofile trillionares saying they own everything because of corruption. It’s pretty clear the consumer based economy is being dissolved for a new debt based feudal system where everything is owned and you’re allowed to live as a debtor slave or live in a for profit prison or die.

  • notsure@fedia.io
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    4 hours ago

    …so the joke goes… A woman comes into the store where she bought a toaster 45 years previous, she wishes to compliment the company for its many years of use and get a new toaster. The salesman is beside himself and calls his supervisor. The supervisor is also surprised and calls his boss in regional sales. Eventually, the woman is sent to the President of the company where she is thanked for her continues patronage, and is given a new toaster. The President of the company takes the old toaster to his Research and Development Department, and tells them, “Find out how this lasted so long and make sure it NEVER happens again!”

    • Lka1988@sh.itjust.works
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      2 hours ago

      The most hilarious thing about this is that a toaster, being little more than a spring-loaded tray and heating elements, should last for decades to come. But they don’t, because profits.