Okay so this is mostly a gripe post so if that kind of thing bothers you please scroll along.
Would someone tell me why Apple in their infinite wisdom decided that modern Macs need hard drives that are sized for computers of 25 years ago? Does everyone really keep their entire life on clouds? Inquiring minds and all that.
It's because Apple, in its infinite wisdom (as you call it) is hell bent for leather on making more and more of us ever more dependent upon cloud storage. Sure, it keeps you perfectly synced across all your devices, making things convenient as all get out, AND it puts money into Apple's pockets as well.
Face it: Apple can't remain the Number One company on earth forever simply by selling iPhones, watches, iPads, earbuds, etc., etc. They've stated publicly dozens of times that the company's strategy is to position itself more as a services company as opposed to a provider of the world's coolest hardware.
I myself have an iMac, a MacBook Pro, and an iPhone. It used to drive me nuts to need a piece of data, a file, whatever, only to be out on the road and learn what I needed was in residence on the hard drive of my iMac on my desk at home. Cloud storage and syncing has saved my bacon more than once.
The downside is that we can be hostage to the availability (or lack thereof) of WiFi, or even a cellular signal!
With the cost of SSDs plummeting, it gets under my skin that Apple puts such dinky drives in their machines these days, too. And to compound my aggravation (and yours, too I'm sure) is that Apple has also gone back to Steve Jobs' ancient days in which all their devices are closed again! We can't even upgrade RAM anymore, and that's another pisser to me. I think Apple exhibits its greed to a good degree by requiring customers to pre-order, predetermine, etc., how much RAM and storage they'll need two-three years down the road since we can't upgrade our devices later.
These dinky little drives makes us more dependent on having external devices in my opinion. And that runs counter to Apple's desire we be more dependent on their cloud services.
I've stuck with my i7 2012 MacBook Pro so long because it was upgradeable, and has remained a monster machine all these years despite its age. I was able to upgrade to 16GB of RAM, and it has now has a 1TB SSD, both of which I did myself. The fact that I can't do that with a newer Apple laptop is the reason I'm still running the mid-2012 model!
I think the bean counters are the ones making the final decisions on this one.