Some people believe that modern technology is increasing the gap between rich and poor, while others disagree and say that it is helping reduce the gap. Discuss both views and give your own opinion.

Some people believe that technological advancements are increasing the income gap among social classes,

while

others argue that they enable access to higher-quality products, savings, and improved well-being. From my perspective, I firmly agree with the latter statement. It is admitted that there are various effects of the Industrial Revolution.

Firstly

, international corporations can use more automated production lines, which require less labour and produce better quality products with fewer errors than typical human mistakes. These assembly lines operate more efficiently, working long hours without breaks, thereby increasing productivity.

Consequently

, massive layoffs have occurred in many industries globally, especially in professions requiring intensive manual labour and low-skill jobs.

Furthermore

, improvements in chipset production have enabled central processing units to solve complex mathematical problems, driven by advancements in artificial intelligence.

For example

, many companies now provide digital telesales services based on AI, leading to more telesales workers becoming unemployed.

In contrast

, modern technology is helping reduce the gap between rich and poor.

Initially

, the Internet provides vast amounts of free information and educational resources. Many reputable academies offer online courses at affordable prices, allowing the poor to access quality curricula, earn validated degrees, and secure brighter futures.

As a result

, online educational platforms provide opportunities for individuals from poorer backgrounds to find well-paying jobs and improve their socioeconomic status.

Moreover

, the Internet enables people to start businesses with lower initial costs, particularly in the digital economy. It creates new opportunities for economic advancement for those with fewer resources.

For instance

, the prevalence of social networking sites provides farmers with platforms to advertise and sell their agricultural products at higher prices. In conclusion,

although

technological advancements have led to job losses and increased income disparities in certain sectors, they offer significant opportunities for education, entrepreneurship, and economic growth for individuals from poorer backgrounds.

Therefore

, I believe that with the right policies and initiatives to ensure equal access to technology, its potential to bridge the gap can be fully realized.