The Cheapest Generation
Tries to make sense of millenials’ apparently decreased interest in motor vehicles and houses (other than depressingly high youth unemployment). Makes the argument that smartphones do a lot of what people used to want cars for: “opening new vistas and carrying us far from the physical space in which we reside”. Other choice quote: “The typical new car costs $30,000 and sits in a garage or parking spot for 23 hours a day.” Well, when you put it like that.
The car lobby should lobby the phone guys to lower prices so that they can afford some wheels.