I would posit that most people working in business at this point don’t even need things as powerful as a modern PC.

I’m not going to speak to the rest of it but this hit a sore spot. You’re exactly right. Most applications that most office workers use are web based. Heavy lifting is done on the server or, more commonly these days, through SaaS. Most workers could do what they need on a Chromebook.

Obviously there are some exceptions but not too many depending on what business and department you’re in.