How come LED Light Bulbs only last for about 2-3 Years?

I've bought and replaced a lot of light bulbs, and I noticed that all of them said "up to 20,000 hours" which would be about 5 years given 12 hours of daily use (which we definitely don't).

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[–] 1 point 2 years ago*

Oh dang, a cheap driver is probably $0.50 cheaper than a half decent one that can take the hit.

In Australia anything has 12 months warranty by law, this factory would bankrupt quick.

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