The Impact of Technological Innovation on Income Inequality

Babita Neeraj Shukla

doi:10.55544/ijrah.1.1.7

Authors

Dr. Babita Neeraj Shukla Assistant Professor, Kalicharan P.G. College, Lucknow, INDIA.

DOI:

https://doi.org/10.55544/ijrah.1.1.7

Keywords:

Technological innovation, Income inequality, Employment polarization, Economic growth

Abstract

This study investigates how technology innovation affects income inequality trends by analysing occupational and salary data via econometric methods and studying tech platforms through case studies. The results indicate that automation has greatly divided work opportunities, and skills gaps are a crucial factor contributing to the increasing salary differences for technical degrees. Tech platforms are showing winner-take-all consequences by concentrating half of the sector's revenues. Innovation expands the economy, yet technological changes may still favour certain tiny groups. Specific policy measures focusing on skills development, institutional changes, and promoting competition are necessary to ensure that productivity increase benefits everyone.

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