More accurate than what?

Cringely's claim is that various subsidies and tax breaks, totaling 200 billion dollars, were given to telco operators with the understanding that a 45 mbps symmetrical connection would be developed and offered to end users. The companies received those subsidies and tax breaks, but didn't develop the system they claimed they would develop and instead built a system that is nearly 27 times slower (I use the term built loosely there since the ADSL network sits on top of the same old copper wire infrastructure that has existed for decades and decades).

Why? The cost of providing Internet service has very little to do with wage differences.