In the post Seeing What’s Next, I showed how the rate of change of adoption of technology varies with time and asked what might be experienced by present and future generations.
It turns out that knowing how what innovations become universal and the speed at which these technologies are replaced can give us an idea of what individuals might experience in their lifetimes.
Here’s how to think about it:
You can use the model above to visualize a lifespan, given a year of birth. Follow the line for your year of birth and measure an expected life (the life expectancy in green is a guide). You can skip over childhood years and decide when you might have reached an age when you start buying and using certain products as well as when you think you might stop.
Trace a rectangle over the grey areas in the bottom graph spanning the years you will start to consume and when you might expect to stop.
The area within the rectangle will include known products and their expected lifespans (marked in alternating shades of grey with a figure for the longevity of service life.) The total number of segments represents your expected consumption.
I marked the areas for a person born in 1913 and one born in 1968 What the analysis shows is that I would be expected to own:
- Three stoves (I’ve owned one so far.)
- One regular landline phone service. Mine was discontinued in the late 90s.
- One electricity subscription. (It seems banal to give electricity a product lifespan but will make more sense if the electric grid is re-achitected.)
- Five cars (for my household). I’ve owned more than five but mostly due to vanity.
- 8 Radios/Stereos. I owned about 5 “sound systems” so far
- 4 Washers. My household has owned 3 so far.
- 4 Refrigerators. I’ve owned three so far.
- 4 Dryers. Three so far.
- 7 Air conditioning systems. I’ve only owned about 3 but I lived in cooler climates.
- 5 dishwashers. I’ve owned 3 so far.
- 4 CRT Color TVs and three HDTV. I’ve had 4 CRT TVs and one HDTV so far.
- 4 VCRs. I’ve owned 4.
- 11 PCs. I lost track but I think more than that so far.
- 5 Game consoles. I’ve owned none. To be fair, consoles are not an universal technology as they have not reached saturation.
- 7 voice-oriented cell phones. I’ve had a few more but it’s close
- Three internet service contracts. (This assumes dial-up as first.)
- 15 Smartphones. 6 so far (excluding company purchases).
- 10 Tablets. 4 so far.
A couple of caveats:
- My life is not yet over, so there is still time to fulfill my consumption quota.
- There will be additional things to count within my life span.
- There are many technologies not counted but few of those I can imagine are universal, or saturated. This means that there is little certainty this model can be used reliably.
- Some people are early adopters and some are late adopters. Depending on which, it might add or subtract certain product cycles but as adoption rates increase and product lifespans decrease.
I did the same tally for my grandmother and it matches prettily closely her consumption with the caveats that she did not reside in the US and that she lived almost twice the expected lifespan.
The obvious next step is to multiply the model by population forecasts.
- Corresponding to my grandmother and myself though we were not born in the US. [↩]