Technology in the light of making things easy or worse
We shall by the end of this article aim to achieve some degree of clarity whether technology has attained its heyday climate or is it still performing to be credulous in adding benefits whatsoever to human beings. The intricate and pervasive nature of science has posed perverse and unsettling questions supplementing insurmountable debate leading to either eulogize or denounce technological innovations.
The mooring for technological innovations in daily use by human beings was mooted in the transition at the end of 19th and at the outset of 20th century. Radio, television, telephone, personal computer, camera and internet are few talked about diamonds that have changed the discourse of human civilization, eventually giving new shape to human desire. Interestingly, since the inception of these technological products, human desire to own either or all these delectable goods has only inflated with time.
The serendipity of the situation was heightened when it further led to the change in the spending behavior of the masses. Today, if we look around us, isn’t investing in a new touchpad mobile phone considered far sought-after choice of a 21-year-old youngster vis-à-vis investing in some capital asset? (Even if that person is economically weakest in the group of an average set of youngsters living in the metropolis of any developing country).
These innovations were buttressed by the manufacturing companies entering into the race of free market economy, while meeting the employment requirement of advancing population. The inherently consummate nature of such innovations has not just influenced the economic world view but improved the cultural merger and acquisitions of ideas, lifestyle and local knowledge of that land. In such a succession, the hubris that is attached to its manufacturers is that today, either of these products are available in approximately every household on the earth.
There is no iota of doubt that money flow in the market per human being has increased aligned with the inflation rate of current times, but at the same moment the cost for any valuable commodity appears to be on the higher side for an average pedestrian. Overall health indicators have dramatically improved compared to the first half of the last century. As it would be morally correct to decipher that this was precisely the time when technology for daily usage was in its adolescent age as compared to what it is today, in its mature form that marks a change in spending behavior of the youngsters.
According to latest poll study, a fifth of UK millennials would invest in Bitcoin than in a real estate, even if Bitcoin is considered ‘epidemic of enthusiasm’ by the noted US economist and Noble Laureate, Robert Schiller. (The key take-away from such a practice is that at least even 50 percent of the youngsters do not make savable income in highly developed countries).
Albeit, there is more to this story because the story is not just about desire meeting its end. But, with each of these products permeate plethora of knowledge and information, mostly valuable and sometimes unneeded. (What is valuable for whom is a topic for another discussion?) For a social science viewpoint, this appears to be a trade-off between the knowledge and information that is perpetually causing generations becoming sloth and ignoramus, only adding to sensory pleasure. Perhaps, for a social scientist, reading is a better option as compared to watching television.
Today, we are nearing the completion of the second decade of the 21st century, the market is highly digital surpassing the electronica of the last century. From the economy going cashless to touch mobile phones becoming our new necessity, there is lot that is expected in days to come. Things are moving at the touch of our finger-tips. Escalation of new comfort zone has conspicuously eluded the staircase of manual work. A sign of which is evident in the mammoth of human development with the increase in the life-expectancy across the globe.
Can all these new phenomena of human wellbeing be attributed to technology? Perhaps, the answer would be yes. The other advancements in field of agriculture, train and aircraft industry reducing travelling time to free video calling anywhere in the world, technology appears to be more of a boon than bane. It is only unto us to develop a mechanism that doesn’t take away humanness from the society while letting technology take its own course of innovation with a responsibility to create new employment avenues in the age of AI.