Abstract

Author:
Oluwatoyin Ajoke Farayola, Noluthando Mhlongo, Funmilola Olatundun Olatoye, Rosita Eberechukwu Daraojimba, Franciscamary Chinyere Okonkwo

Doi: 10.26480/bosoc.01.2024.08.15

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

This review paper delves into the multifaceted issue of economic inequalities in the United States during the digital era. It provides a comprehensive analysis of how the advent and proliferation of digital technologies have reshaped and influenced these inequalities. The paper begins with an overview of the historical evolution of the digital divide, highlighting its impact on economic disparities. It then examines the current state of economic inequalities in the digital era, emphasizing the role of digital technologies in both exacerbating and potentially mitigating these disparities. The review identifies key trends and strategies employed to address economic inequalities in the digital era, including technological innovations and policy interventions. It also presents case studies that illustrate successful approaches to mitigating economic disparities. The discussion section assesses the impact of digital era innovations on economic equality, exploring the socioeconomic implications, challenges, and barriers in reducing inequalities. The role of policy and governance in shaping economic equality is critically analyzed, along with future directions for bridging economic disparities in the digital age. The paper concludes with a summary of key insights and findings, discussing the prospects and challenges for the future of economic equality in the digital era. Recommendations are provided for industry, academia, and policymakers, highlighting the need for collaborative efforts and continued research in this field. The review underscores the importance of addressing economic disparities in the digital age and offers a roadmap for future initiatives aimed at promoting economic equality in the face of rapid technological advancements.