In a money-driven world, modern technology has revolutionized the globe and has touched almost every aspect of human lives. Some people argue that the gap between the wealthy and the poor is widening as a result of technological advancement. Others, however, disagree and say that the poor can take advantage of it and improve their condition like never before and I support the opinion of the latter group.
Initially, wealth discrepancy is increased between the upper class and lower class due to the extraordinary technological advancement. A good example to justify can be reduction of manual labor due to the technology. Obviously, it is easy to understand that unskilled poor people find it hard to secure a job. And using advanced tools and machines, rich people increase their production capacity and make huge profit, thus it is easy to see why this issue has gained support.
On the other hand, the technology can effectively decrease the wealth disparity because most crucial gadgets are open to all. For instance, many billionaires are from the lower and middle classes and they have changed their fates and the fates of million others with the help technology. It is clearly seen that anyone from any part of the world can access Internet, develop skills, access important information and educational materials and walk to the road to riches in an unprecedented manner. Therefore, the notion of wealth inequality is increasing between the lower and upper classes due to the technological advancement can be debunked.
To conclude, technology has already reduced the difference between social classes and has created millions of jobs just for anyone with right skillset. It is predicted that it will further narrow the gap between the rich and the poor in foreseeable future
In a money-driven world, modern
technology
has revolutionized the globe and has touched almost every aspect of human
lives
.
Some
people
argue that the gap between the wealthy and the
poor
is widening
as a result
of technological advancement. Others,
however
, disagree and say that the
poor
can take advantage of it and
improve
their condition like never
before
and I support the opinion of the latter group.
Initially
, wealth discrepancy
is increased
between the upper
class
and lower
class
due to the extraordinary technological advancement. A
good
example to justify can be reduction of manual labor due to the
technology
.
Obviously
, it is easy to understand that unskilled
poor
people
find it
hard
to secure a job. And using advanced tools and machines, rich
people
increase their production capacity and
make
huge profit,
thus
it is easy to
see
why this issue has gained support.
On the other hand
, the
technology
can
effectively
decrease the wealth disparity
because
most crucial gadgets are open to all.
For instance
,
many
billionaires are from the lower and middle
classes and
they have
changed
their fates and the fates of million others with the
help
technology
. It is
clearly
seen
that anyone from any part of the world can access Internet, develop
skills
, access
important
information and educational materials and walk to the road to riches
in an unprecedented manner
.
Therefore
, the notion of wealth inequality is increasing between the lower and upper
classes
due to the technological advancement can
be debunked
.
To conclude
,
technology
has already
reduced
the difference between social
classes
and has created millions of jobs
just
for anyone with right
skillset
. It
is predicted
that it will
further
narrow the gap between the rich and the
poor
in foreseeable
future