It is universally accepted that recent decades have witnessed radical changes in humanity’s lives thanks to technological advancements. However, the public still remains divided on the influences that technology has on our lives, particularly when it comes to income disparity. Some people are of the opinion that having technological innovations at our disposal is the main driver behind the prevalent wealth gap. Although this argument is judicious to some extent, I strongly believe that the significant role of technology could not be discounted.
On the one hand, some people are proposing that technology developments are to blame for widening the increasingly gap between the rich and the poor, and justifiably so. The key rationale in favor of this view is that technological advancements have made certain groups who are already prosperous become exponentially richer compared to others. For example, the past decades have seen what once were humble technology startups morph into massive multi-billion-dollar enterprises. Consequently, the owners of those big businesses have amassed great wealth and gone on to become social elites. This, however, does not happen to most common people who have low financial ability.
On the other hand, the belief that technology is merely conducive to the one percent seems to be an overly grim view. As a matter of fact, clear examples about how the technological innovations have lifted innumerable lives out of poverty, are universally omnipresent. For instance, scores of city dwellers now owe their livelihoods to Grab’s heiling network, of which operation is based on advanced technology. This is a powerful testament to how technological growth has improved the impoverished inhabitants’ living standards and bridged social inequality.
In conclusion, while technology breakthroughs would bring a number of merits to the affluent, it seems to me that the range of technology is far more beneficial for the destitute to escape poverty.
It is
universally
accepted
that recent decades have witnessed radical
changes
in humanity’s
lives
thanks to
technological
advancements.
However
, the public
still
remains divided on the influences that
technology
has on our
lives
,
particularly
when it
comes
to income disparity.
Some
people
are of the opinion that having
technological
innovations at our disposal is the main driver behind the prevalent wealth gap. Although this argument is judicious to
some
extent, I
strongly
believe that the significant role of
technology
could not
be discounted
.
On the one hand,
some
people
are proposing that
technology
developments are to blame for widening the
increasingly
gap between the rich and the poor, and
justifiably
so
. The key rationale in favor of this view is that
technological
advancements have made certain groups who are already prosperous become
exponentially
richer compared to others.
For example
, the past decades have
seen
what once were humble
technology
startups morph into massive multi-billion-dollar enterprises.
Consequently
, the owners of those
big
businesses have amassed great wealth and gone on to become social elites. This,
however
, does not happen to most common
people
who have low financial ability.
On the other hand
, the belief that
technology
is
merely
conducive to the one percent seems to be an
overly
grim view. As a matter of fact,
clear
examples about how the
technological
innovations have lifted innumerable
lives
out of poverty, are
universally
omnipresent.
For instance
, scores of city dwellers
now
owe their livelihoods to Grab’s
heiling
network, of which operation
is based
on advanced
technology
. This is a powerful testament to how
technological
growth has
improved
the impoverished inhabitants’ living standards and bridged social inequality.
In conclusion
, while
technology
breakthroughs would bring a number of merits to the affluent, it seems to me that the range of
technology
is far more beneficial for the destitute to escape poverty.