Wrong Way
Labor Department data shows the U.S. Gini Coefficient is rising. If the current trend continues, then the American income gap will resemble that of Mexico by year 2043.I figure by 2043 the "illegal immigrant" debate will be over.
source
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Monday, May 14, 2007
The New Demographics
A coworker sent a link to an interesting Wall Street Journal opinion piece. Worth a read.
The result is that these Coastal Megalopolises are increasingly a two-tiered society, with large affluent populations happily contemplating (at least until recently) their rapidly rising housing values, and a large, mostly immigrant working class working at low wages and struggling to move up the economic ladder. The economic divide in New York and Los Angeles is starting to look like the economic divide in Mexico City and São Paulo.
Subscribe to:
Posts (Atom)
