This is very optimistic. I see a future where high hardware prices push more and more stuff to the cloud and consumer hardware becomes largely a thin client. Soon doing anything with a computer will require an internet connection because the "local" portion of software will be an electron UI that makes API calls to a server somewhere to do any "serious" work.
Yup. We're going back to time sharing for the majority of people. The terminal will be their dumb phone.
Don’t worry - the cycle will reverse again at some point and we’ll go back to more powerful local machines.
No not going back to a mainframe computing…
I have a T430 that came out 14 years ago that does "serious" work for me. For almost everyone the computers they use are wildly over speced for what they use it for.