The US has a geographical wealth gap
Not only is the gap between low- and high-income areas no longer closing in the U.S., it’s widening again, according to the Brookings Institution’s Hamilton Project. Americans tended to move toward higher wages and jobs in the latter part of the last century, as technological advances, including air conditioning and improved transportation, opened up regions with cheaper land and labor. Now, higher home prices and a tech boom requiring more education has made desirable areas too expensive for people seeking work to move to.
December 27, 2018
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