Positive impact of technology:
Technology impacts on our daily lives. Our environments are all so full of technology to the point that most of the time we take it for granted and never actually notice the level of impact that it has on us until when we have no telephone, transport, water or electricity. Advancements in technology have greatly increased our living standards. Despite the fact that we are currently experiencing very high inflation rates and the rates of unemployment are very high, generally, people are feeding better, are dressing better and are as a matter of fact living more comfortable lives.
Negative impacts of technology:
With every advancement that is made in the technological world, creative destruction results. For example, television impacts negatively on the movies and synthetic fibers impact the cotton fibers negatively. The coming in of new types of technology also results in a negative impact on the growth of the economy at times; television at times consumes all the productive hours that a man has in a day. Every new form of technology gets into the market together with long term consequences that are most of the time not foreseeable. For instance is there really a justification for nations coming up with bombs, nuclear weapons and missiles to maintain security?