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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: John Vosilla who wrote (120899)7/16/2016 5:55:25 PM
From: GPS Info  Read Replies (2) of 219221
 
A dual income household making $15 an hour can still do quite well in middle America where wealth and income inequality isn't too severe. Something no one ever seems to talk about.

I've thought about this from time to time. There are higher population densities along the coasts. Given that the east coast was settled first and then migration started west, the east coast has had more time to develop universities and large corporations than the mid-west. The south was devastated during the Civil War and needed time to heal before returning to higher income levels. The west-coast could be developed more quickly with shipping lanes for immigrants and then for greater and faster trading with other states and countries.

If you look at US university rankings, the large majority of top schools are along the coasts, and these are also top ranked in the world. Does it make sense that more of these better-educated, competitive and driven people are able to have greater incomes? We are also starting with a larger pool of students to select from along the coasts.

usnews.com
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