Technology Diffusion

Technology diffusion is a process in which a new technology gains acceptance, ownership, and use by the members of a social group. Research on the diffusion of innovations in general suggests that there is a known curve that can describe how an innovation will move through a population.

Improvements in technology offer individuals the opportunity to optimize their lifestyles, generally making life easier. However, these improvements are not equally available, and the time frame in which they become available can affect the ability of individuals to build wealth. Because technologies are usually more expensive when new, often the affluent are able to access the benefits of technology sooner than the poor. Research has found that early adopters of technology are already of higher socioeconomic status and ...