Devices with Extended Lifespans Enhance Sustainability but Reduce Productivity
- Americans now keep smartphones for 29 months (up from 22 in 2016), driven by cost-cutting and sustainability, but this trend slows productivity as outdated devices struggle with modern demands. - Federal Reserve data shows each delayed equipment upgrade reduces productivity by 0.33%, while experts warn aging tech causes systemic inefficiencies through throttled networks and outdated software. - Solutions like modular upgrades and circular economies aim to balance sustainability with functionality, yet ri
More Americans are holding onto their smartphones and other tech devices for extended periods, a shift that is altering consumer habits and presenting new economic hurdles. On average, Americans now keep their smartphones for 29 months,
The economic consequences are notable. According to a Federal Reserve report
Cassandra Cummings, who leads Thomas Instrumentation, pointed out that aging devices put pressure on infrastructure: "Networks often slow down to accommodate older devices, which can reduce the efficiency of entire systems."
To address the economic drawbacks, solutions such as modular and easily repairable technology are being considered. Cummings proposes that future devices could allow for partial updates, like enhanced Ethernet features, instead of needing full replacements. Athwal suggests that increased software support and easier access to replacement parts from governments and tech firms could help users keep older devices longer without excessive costs.
Despite these obstacles, companies like
Research on workplace technology highlights the issue:
As the discussion about how long to keep devices continues, finding the right balance between saving money and maintaining economic strength remains a key concern. With Americans increasingly valuing both sustainability and affordability, the challenge for leaders and businesses is to promote innovation without widening the productivity divide.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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