It is often argued that, whether
advent of sophisticated modern technology and their associated trends
as online shopping are having positive impacts on people's quality of life, irrespective of their economic background, or whether
is extremely detrimental for those who belongs to low social-economic background Personally, I strongly advocate the opposite view, In my opinion,
development has significantly reduced the profit margin of many small scale
owners.
In
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.
, with the increase in popularity of online shopping among people, many small trade owners are now loosing their space in the market.
is because, unlike many online shopping websites, these small field owners are lacking to provide customers with a huge variety of products.
, 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
offering a wide range of product in the lucrative price range. As these small
owners lack resources and cannot offer any exclusive deals to customers, they often end up loosing their
to those websites.
,
has tremendously affected the income margin of local farmers. Many people now buy fruits and vegetables from the online stores, owning to
, local farmers cannot find a market to sell their crops.
, many farmers are now suffering from the overwhelming financial loss.
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.
, it is certainly the case that, with
growing
of online shopping, there is no scope of growth available for local
owners.
To conclude from the aforementioned arguments, I am inclined to say that, despite the many benefits these technological developments and modern
may provide to people, it is
very essential to acknowledge the negative impacts of these trends on poor sections of the society.