I don't think that anyone is implying that a few people need the newest hardware they can get, however if you're working on webpages, cloud apps, project manage

I don't think that anyone is implying that a few people need the newest hardware they can get, however if you're working on webpages, cloud apps, project management, most phone apps, etc you don't need a brand new laptop to get that done. And that's just for developers, your typical student or home user certainly doesn't need the latest and greatest. I recently bought an M2 32GB machine but that was to replace my 2015 macbook lol.