Friday, March 21, 2014

San Francisco and "luxury progressivism"

Photo by Mark Laita

Joel Kotkin in New Geography:

...A 2014 Brookings study showed that the big cities with the most pronounced levels of inequality also have the highest costs: San Francisco, Miami, Boston, Washington, D.C., New York, Oakland, Chicago and Los Angeles. The one notable exception to this correlation is Atlanta. The lowest degree of inequality was found generally in smaller, less expensive cities like Ft. Worth, Texas; Oklahoma City; Raleigh, N.C.; and Mesa, Ariz. Income inequality has risen most rapidly in the bastion of luxury progressivism, San Francisco, where the wages of the 20th percentile of all households declined by $4,300 a year to $21,300 from 2007-12. Indeed when average urban incomes are adjusted for the higher rent and costs, the middle classes in metropolitan areas such as New York, Los Angeles, Portland, Miami and San Francisco have among the lowest real earnings of any metropolitan area...



At 3:00 PM, Anonymous Anonymous said...

SF should look to inspiration for cities like Menlo Park and Monte Sereno in the South Bay. They've achieved very low levels of inequality by simply making it impossible for poor people to live there. SF's problem is that somehow a few poor people manage to hang on somehow, increasing the amount of inequality between them and the rich.


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