It is often argued that, whether
this
advent of sophisticated modern technology and their associated trends
such
as online shopping are having positive impacts on people's quality of life, irrespective of their economic background, or whether
this
trend
is extremely detrimental for those who belongs to low social-economic background Personally, I strongly advocate the opposite view, In my opinion,
this
development has significantly reduced the profit margin of many small scale
business
owners.
In
this
essay, I shall examine a number of studies to, justify the presented viewpoint.
Ever since the industrial revolution, the government has provided an enormous amount of growth opportunities to people whose income falls, far beyond the poverty range.
However
, with the increase in popularity of online shopping among people, many small trade owners are now loosing their space in the market.
This
is because, unlike many online shopping websites, these small field owners are lacking to provide customers with a huge variety of products.
For example
, an extensive study presented by Oxford University illustrated that, many people across the globe, usually prefer shopping online because, apart from the ease, these websites are
also
offering a wide range of product in the lucrative price range. As these small
business
owners lack resources and cannot offer any exclusive deals to customers, they often end up loosing their
business
to those websites.
In addition
,
this
trend
has tremendously affected the income margin of local farmers. Many people now buy fruits and vegetables from the online stores, owning to
this
, local farmers cannot find a market to sell their crops.
As a result
, many farmers are now suffering from the overwhelming financial loss.
This
is borne out by a study completed at University of Melbourne which demonstrated that, economic standards of many local farmers across has dropped dramatically. According to statistic figures, more than 75% of farming families are lying below the poverty line.
Therefore
, it is certainly the case that, with
this
growing
trend
of online shopping, there is no scope of growth available for local
business
owners.
To conclude from the aforementioned arguments, I am inclined to say that, despite the many benefits these technological developments and modern
trend
may provide to people, it is
also
very essential to acknowledge the negative impacts of these trends on poor sections of the society.