HELP
@cansha
SOME BELIEVE THAT MODERN TECHNOLOGY IS INCREASING THE GAP BETWEEN
RICH AND POOR PEOPLE, WHILE OTHERS DISAGREE. DISCUSS BOTH VIEWS AND
GIVE YOUR OWN OPINION
Many believe that due to incessant advancement in technology, the rich are being richer and poor becomes poorer. While others assert that technological changes has no role in increasing the financial gap between these two sections. In my opinion, I firmly believe that the later thought holds true.
on the one hand, many people think that new technology has broadened the financial gap between two sections of society,as the richer section, who can afford the ever changing and expensive technology, can earn more profits arising out of the use of modernized technology. For instance, Flipkart and Amazon are the recent examples of business based on new technology that has effected turnover of Small vendors, as customer have shifted to buying online rather than from small shops in nearby areas, making multiple lower class workers even more poor and centralising the major chunk of profit in favour of two or three big online shopping brands.
On the other hand, many people disagree that technology has lead to proliferation of gap between upper and lower section as they think there are many other reasons for it. For example, Reasons like lower illiteracy rate amongst poor is the prime reason why poor remains poor or even becomes poorer in this era of competition. Moreover, Lower risk taking ability of weaker section is another major reason. Poor people seldom risk investing in business, hence , the end up doing work for the upper class leaving them way behind their bosses.
I think, technology has opened horizons for both the classes. Many recent developments are cheap in cost, any person, who is educated and has creative mind, can take their advantage to make themselves in line with upper class,. Hence, if used properly it can help bridge the gap.
In conclusion, I believe that there are many other reasons like lack of education and lesser risk taking ability rather than technology, that corresponds to broadening the financial difference between upper and the lower class.