Question

in what ways will future technological development increase inequality? in what ways will technological development reduce inequality?

Answer 1

Technological development
The future development in technology has both positive and negative effects affecting inequality. The effects differ in various sectors. Also, region, the method of adaptation etc. can further make the technological impact on the society and the equality thus created.
Future technological development can create inequalities in sectors where the advancements of technology can reduce the scope of human labor or human capital. Rather than the areas where technology could help increasing the efficiency of human labor, it may completely remove the role played by human in the sector. Self driven cars which could have a tremendous change in the sector may reduce the labor done by drivers. This creates an inequality where the same product, self driving cars can effectively increase the benefits for producers and the owners. Considering a private owned cab service firm like Uber can reduce the part played by drivers in the sector. This can create a chance of high inequality by the development achieved by technology. Also, the problems of unequal development can create structural inequality in technology. Urban areas will benefit more from the development of technology where rural areas are lagging behind from enjoying the advantages that a technological development could provide.
The access to different concepts including education, knowledge and etc. from technological development is an example of reduced inequality. The reduction in cost of purchase of materials for knowledge and etc. are effective by the development made by technology. The increased efficiency of labor productivity increases the return for labor which has high impact on reducing inequalities in the society. Reducing the efforts which increase the capabilities of human has great effects in reducing inequalities by technological development.