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Politics : Formerly About Advanced Micro Devices

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To: Brumar89 who wrote (814846)	11/2/2014 6:53:57 PM
From: tejek	Read Replies (1) of 1579750

New York City has become a place where “the rich are indeed getting richer even as the rest of the city is barely holding on.” That’s the thesis of a new piece on the city’s disappearing middle class, penned by Joel Kotkin at his site New Geography. Mahattan, Kotkin argues, is the most economically unequal places in the country, with a higher Gini coefficient than South Africa had under Apartheid. Incomes are stagnant for most middle class workers, homelessness and poverty are higher than ever, and the top one percent of the city’s earners keep making more and more money. Kotkin lists a few specific policies that the city’s current Major Bill de Blasio is pursuing that will, he believes, increase the pace at which these trends will impoverish New Yorkers: green-energy policies will destroy the last of the manufacturing industries in the city and his education policies, especially his hostility to charter schools, will hold down upward mobility. The end of existing pro-rich trends, exacerbated under de Blasio, could be the following nightmare scenario: Kotkin has predicting CA's demise for the past 2 decades. How is CA doing? Very well thank you very much.

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