Role of technology in national development essay

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Role of technology in national development essay

Business Impact Technology and Inequality The disparity between the rich and everyone else is larger than ever in the United States and increasing in much of Europe. October 21, Income inequality hinders economic opportunity and innovation. The signs of the gap—really, a chasm—between the poor and the super-rich are hard to miss in Silicon Valley.

Role of technology in national development essay

The homeless are the most visible signs of poverty in the region. But the numbers back up first impressions. The poverty rate in Santa Clara County, the heart of Silicon Valley, is around 19 percent, according to calculations that factor in the high cost of living.

The anger in Northern California and elsewhere in the United States springs from an increasingly obvious reality: Here, technology is arguably evolving faster than anywhere else in the world.

Does the region really portend a future, as Wadhwa would have it, in which a few very rich people leave the rest of us hopelessly behind? Yet it quickly rose to the top of best-seller lists this spring and remained on them for months.

Role of technology in national development essay

Economists have long warned that inflation-adjusted wages for low- and middle-income workers have been flat or declining since the late s in the United States, even as its economy has grown. Piketty, a professor at the Paris School of Economics, greatly expands on this idea, documenting the exploding wealth of the very rich in the United States and Europe and comparing the trend with developments over the last few centuries.

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Building on research conducted with his colleagues Emmanuel Saez, a professor at the University of California, Berkeley, and Anthony Atkinson, an economist at the University of Oxford, Piketty collected and analyzed data, including tax records, to show just how extreme the disparity in wealth between the rich and the rest of the population has grown.

The story necessarily revolves around the United States, France, and several other European countries in which such historical data are available. The gap between the wealthy and everyone else is largest in the United States.

The richest 1 percent of the population has 34 percent of the accumulated wealth; the top 0. Inthe richest 1 percent of the population had 34 percent of the accumulated wealth; the top 0.

And the inequality has only gotten worse since the last recession ended: The top 10 percent now accounts for 48 percent of national income; the top 1 percent makes almost 20 percent and the top 0.

The disparity in the portion of income earned from work—what economists call labor income—is particularly striking. Why is this going on? But this is not all. In order to explain why rising inequality has been so strong at the very top in the U. Privately held wealth in some European countries is now about to percent of annual national income, a level approaching that of the early s.

What particularly worries Piketty is the long-term effect of this concentration of wealth.The September/October issue previews state legislative elections and what voters will face on statewide ballot measures. Also read about efforts to halt sexual harassment in .

click here Energy and Human Evolution by David Price. Please address correspondence to Dr. Price, Carpenter Hall, Cornell University, Ithaca, NY An A-level sociology essay written for the AQA’s (1) specification, exam paper 1.

This is the long, ‘overkill’ version of the essay, written using the PEAC system (Point – Explain – Analyse – Criticise). The table below presents an abbreviated geologic time scale, with times and events germane to this essay.

Please refer to a complete geologic time scale when this one seems inadequate. Al Gore is a former US Senator who served as the Vice President of the United States from to , and is co-winner of the Nobel Peace rutadeltambor.com the s and s, he promoted legislation that funded an expansion of the ARPANET, allowing greater public access, and helping to .

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