Some people think that technology is increasing the gap between the rich and the poor. Others argue that the opposite is true. Discuss both these views and give your own opinion

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Technology
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is constantly evolving. Many argue that
this
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has widened the
gap
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between the rich and the poor, whereas others are of the opinion that it has led to equality in
income
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amongst all sections of
the
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apply
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society.
Although
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, both aforementioned notions can be argued, in my opinion, it is the latter one that holds true, and
this
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essay will provide evidence as to why it is so. There is a general perception that innovation in the field of
technology
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has made the poor poorer and the rich a lot richer. With increasing reliance on
technology
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, the middle-class and the well-to-do sections of the society have found more avenues to enhance their skillsets and
accordingly
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their incomes, whereas the underprivileged ones who don’t have access to it, have stagnated.
For instance
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, countries that invest a substantial amount of their budget on research and development, have a wide
gap
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in per capita
income
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amongst their citizens. Indeed, the increasing widening of
income
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amongst the different sections of society can be attributed to science.
However
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, others argue that as
technology
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has evolved gradually, it has bridged the
gap
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between the rich and the poor. Because of digital innovation, there has been an increase in opportunities
of
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for
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semi-skilled jobs.
For example
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, more than 100,000 citizens in India have enrolled themselves as
driver partners
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driver-partners
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after the advent of cab aggregators like Ola and Uber.
Thus
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, when utilized appropriately,
technology
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can provide better earning opportunities for the downtrodden. To conclude, I strongly believe that
although
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there is a direct correlation between
technology
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and widening
income
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gap
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amongst the citizens of any country, if thought out carefully and planned properly, it can lead to equality in
income
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.
Submitted by abhinaba.de on

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Topic Vocabulary:
  • socio-economic status
  • wealth inequality
  • infrastructure
  • tech-enhanced learning
  • automate
  • low-skill jobs
  • digital platforms
  • mobile banking
  • financial services
  • e-commerce
  • democratizing
  • marginalized
  • public-private partnerships
  • digital literacy
  • social entrepreneurs
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