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Research Problem: Does Technology Increase Income Inequality?

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Does Technology Increase Income Inequality?

1. Share your problem statement for your research.
2. Share your purpose statement for your research.
3. Share the significance of your study.
4. What are your independent and dependent variables?
5. Provide your research questions (at least two).
6. Convert your research questions to hypotheses (at least one null hypothesis and one alternative hypothesis; the hypothesis is a statement and not a question).

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Solution Summary

The purpose, problem, and variables of a study "Technology Increases Income Inequality" are explained.

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1. The problem statement: Technology is supposed to bring several benefits to mankind. These include improved communication, better productivity, and saving of time in tasks and processes. Further, technology is supposed to make life easier, product manufacturing is supposed to become cheaper, and remote education becomes possible (a). At the same time, it has been observed that the gap between the rich and the poor is increasing. This leads to the problem "Technology Increases Income Inequality"
2. Our purpose is to find out why improvements in technology lead to higher income inequality. Why do increases in technology lead to an increasing gap between the rich and the poor (b)?
3. The significance of my study is that technology-driven inequality from the economic perspective dampens investment and growth because of financial, economic, and political instability (c). In addition, inequality harms trust and social cohesion causing conflicts, crime, and violence. Inequality hampers poverty reduction. Increases in inequality can lead to policies that harm economic growth.
One individual level increase in inequality causes low access to health care. This increases ill health. Moreover, inequality ...

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Kasim Johar, MBA
Education
  • MBA, Indian Institute of Social Welfare and Business Management
  • BSc, University of Calcutta
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