Title: Is technology contributing to increased inequality? | TechCrunch
Headings: Is technology contributing to increased inequality?
Is technology contributing to increased inequality?
Blaming technology is merely an excuse to abdicate responsibility.
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Content: Is technology contributing to increased inequality? | TechCrunch
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Is technology contributing to increased inequality? Christoffer Hernæs 2:00 PM PDT • March 29, 2017
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Image Credits: erhui1979
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As global poverty continues to decline, another issue emerges. According to the World Economic Forum, rising income inequality and the polarization of societies pose a risk to the global economy, and may lead to increased polarization and lack of political stability. This, however, is not a global problem. In developing countries, inequality is decreasing and the amount of people living in extreme poverty is at an all-time low. Mobile technology is contributing to financial inclusion in countries without an established financial infrastructure, and global markets create trade opportunities. However, the increase in inequality is affecting high- and middle-income countries, as labor-saving technology has replaced many blue-collar jobs that paid well. Those workers have had to switch to retail and home healthcare jobs, where the pay is typically lower.