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Technology Gap Theory is a model developed by M.V. Posner in 1961, which describes an advantage enjoyed by the country that introduces new goods in a market. [1] The country will enjoy a comparative advantage as well as a temporary state of monopoly until other countries have achieved the ability to imitate the new good.
The digital divide in the United States refers to inequalities between individuals, households, and other groups of different demographic and socioeconomic levels in access to information and communication technologies ("ICTs") and in the knowledge and skills needed to effectively use the information gained from connecting.
The historical roots of the digital divide in America refer to the increasing gap that occurred during the early modern period between those who could and could not access the real time forms of calculation, decision-making, and visualization offered via written and printed media. [8]
The widening gap between the nation's rich and poor is leaving the U.S. economy more vulnerable to recurring financial crises and less likely to generate enduring expansions, reports Bloomberg.
Since the late 1970s, income inequality in the U.S. has grown by nearly 20%. The Great Recession has brought the disparity between the rich and the poor to the forefront of the news. The Occupy ...
A country can have access to technology but if the people do not understand how to use the technology than there is no difference between having it or not. Satisfaction and gratification from using the technology are key points in bridging the gap because the sense of accomplishment give the people confidence to use the technology.
Noted retirement expert Teresa Ghilarducci, a labor economist and a professor at The New School for Social Research in New York, also has noted the gap between rich and poor when it comes to ...
And for the group of people in between the bottom 50% and top 1%—mostly the lower- and middle-income groups in North America and Europe—income growth has been either sluggish or flat." [16] The WIR 2018 shows that, "The gap between rich and poor has increased in nearly every region in the world over the past few decades."