Is it? A few replies here are mentioning being happy with ~40 Mbps in bigger cities, meanwhile the last time I ran a speedtest in a busy CBD in Australia I got 600Mbps or so on 4G.
And I assure you I pay way more than $2/ month. In fact, AT&T's cheapest unlimited plan starts around $65 - and thats the advertised price, which is always before taxes and fees, so its realistically around ~ $80 monthly once all of those ludicrous surcharges are tacked on. Once again, this is for their cheapest plan.
Don't worry, the shitty and overpriced fiber we get more than offsets the quality our wireless network may have.
Previous speeds or country's development status wouldn't factor in to that question, right?