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Importance of "Technology Increases Income Inequality"

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"Technology Increases Income Inequality"

1. Why did you think it was important to study/research this topic?

2. What are other studies in your literature review suggesting about this topic?

3. How could this topic support a capstone course?

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This posting discusses the topic of technology and income inequality.

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1. I think it was important to study this topic because technological advances are perceived to be beneficial. Technology advances are related to the improvement of productivity, easier and better communication, and saving time in business processes. In addition, technology has been responsible for enabling remote education, lowering the cost of manufactu,ring and the emergence of AI that can make lives easier and solve complex problems. Also, technological progress has made the manufacturing process more efficient, reduced wastage, and made efficient the stock management process. From the perspective of a researcher, he can save time using technology, get access to more information, and can do more reliable research. At the same time, technological progress increases inequality. This is baneful because inequality increases sickness, and poor health, and increases health spending. An increase in income inequality leads to the poor educational performance of the poor, reduction in economic growth, and instability. Also, higher-income inequality leads to higher crime, social unrest, and social instability. There is a reduction in lower satisfaction and happiness among people. The situation is such that human capital is neglected for high-end consumption. From the perspective of the economic inequality ...

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