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Did capitalism write this?
CNBC, in a story titled “Americans are holding onto devices longer than ever and it’s costing the economy,” seems to be calling people “device hoarders” if they can’t afford a new phone or computer. Here’s just one selection:
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.
Maybe they could afford them if the economy was doing better?
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