A Seminar Report On TECHNOLOGY CREATES INCOME DISPARITIES

INTRODUCTION
The unequal distribution of household or individual income across the various participants in an economy. Income inequality is often presented as the percentage of income to a percentage of population.

CAUSES OF INEQUALITY

greater inequality in wages and salaries (highly skilled workers earn more than others; wealth concentration; labor markets(globalization; technological changes; and policy reforms); more regressive taxation tax loopholes and shelters such as tax havens; increasing education costs; computerization and increased technology; racial inequality; the gender pay gap;

INDIAS INCOME INEQUALITY HAS DOUBLED IN 20YEARS

The top 10% of wage earners now make 12 times more than the bottom 10%, up from a ratio of six in the 1990s The top 10% of earners make almost five times more than the median 10%, but this median 10% makes just 0.4 times more than the bottom 10%. India has got more unequal over the last two decadesIndia's Gini coefficient, the official measure of income inequality, has gone from 0.32 to 0.38, with 0 being the ideal score. The consumption of the top 20% of households grew at almost 3% per year in the 2000s as compared to 2% in the 1990s, while the growth in consumption of the bottom 20% of households remained unchanged at 1% per year.

TECHNOLOGY CREATES INCOME DISPARITIES

Actually every people are not conscious well about the technology, so a difference is creating between the technology conscious and unconscious people. Technology has revolutionized our lives we can't imagine our lives with it but the fact that it has its own disadvantages the one familiar with it has the upper hand and vice versa thus it creates economic disparities. technology do creates income disparity which might make us think that we don't need any technology, but absence of it is also gives the same result. Its like a Quadratic equation with two roots but the same answer.

REASON BEHIND THIS DISPARITY

Technology does creates income disparity as modern India because of our education standard is not comprehensive and large population of nation are deprived and unable to understand how to use and get knowledge about technology. Company or organizations give jobs those who are English proficient and technologically sound, that's why those who have these prerequisite got jobs and earn more, and those like rural ones are underprivileged because they are unskilled

IMPACT OF TECHNOLOGY ON INCOME

The technology which gains most profit would be equally creating higher profit which may increase the company reputation, status and may also increase statistical ratio profit, projects and works of company which may increase the income of one company and other developing company may lead to be seated in backward place which may decline their process of deals and statistical profit which is totally indicative on their income resource

ADVANTAGES

Work efficiently and accurately Generate employment Technology Get Familiar to all segments Technology can be used to provide better education and understanding of its applications, making it an effective tool for every individual

DISADVANTAGES

Technology decrease the requirement of manpower By using the internet hack the valuable information. Weapons, Nuclear reactors Are Also Invented By using this technology. New inventions creates disparity

SOME STEPS SHOULD BE TAKEN FOR REDUCE DISPARITIES

To remove this inequality of income first we have to focus on our educational system in urban area as well as village equally, have to make the system correct from its root. It is technology used by every one in rural as well as urban side. But the way we are use the technology is in our hands but not others so make use of it in a proper way and then transferred to others.

CONCLUSION

Technology is much helpful when used in a right way, & twice harmful when uses in bad way i.e. it is similar to a knife which can be used as a tool to cut fruit for good, used to cut neck on bad behalf. What I want to say is technology can be used to make money easily but the way using should not be harmful to anyone.

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