As a counter-point, I'm regularly limited by 1 Gbps PHY limits. During the 2 years of the pandemic I've been working from home with gigabit Internet. Why gigabit? Because that's the "speed limit" of the Ethernet PHY in the fibre broadband box, and also my laptop's ethernet port.
My laptop can write to disk at multiple GB per second, or tens of gigabits.
I transfer large volumes of data to and from a "jump box" in Azure that can easily do 20 Gbps out to the Internet.
I regularly update multiple Docker images from scratch that are gigabytes in size, each. I then upload similarly large Docker images back to Azure.
Even when physically present at work, I'll regularly pull down 50-200 GB to my laptop for some reason or another. One time I replicated an entire System Center Configuration Manager deployment (packages and all!) to Hyper-V on my laptop because the NVMe drive let me develop build task sequences 20x faster than some crappy "enterprise" VM on mechanical drives.
I have colleagues that regularly do big-data or ML queries on their mobile workstations, sometimes reading in a decent chunk of a terabyte from a petabyte sized data set.
All of these are still limited by Ethernet PHY bandwidths.
Note that servers are 100 Gbps as standard now, and 200 Gbps is around the corner.
The new Azure v5 servers all have 100 Gbps NICs, for example.