What a patently absurd POV! A phone doesn’t compensate for the inability to solve for basic needs - housing, healthy food, healthcare. Or being unable to invest in skill development for themselves or their offspring, save for retirement.
It is also highly likely that the cost of that phone was externalized onto a worker in a poorer country that doesn’t even have basic necessity like a running water, 24 hour electricity, food security, etc.
Most of it is made in China, China isn't that poor any more it is like Mexico so people have running water and food security and way more than that as well.