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Digital Divide: How internet exacerbating wage inequalities

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Enough research exists to show that the digital divide is real, and growing. While an Icrier-Broadband India Forum study showed that a 10% increase in mobile internet traffic leads to a 3.3% increase in GDP, the spoils aren’t evenly spread. A recent piece in The Economist uses academic research to confirm that technology is exacerbating inequality, rather than imports or immigrants. The newspaper cites a working paper by Christopher Poliquin of the University of California, Los Angeles, to show that average wages for firms that had broadband rose around 2.3% more relative to those in firms that did not; while salaries for managers rose 8-9%, executive directors got an 18-19% boost. A previous study, of Norwegian companies, found much the same and, with the internet allowing mundane........

© The Financial Express