Where is that?
Imagine a place where the rich are rich and the poor are poor. A place where the richest twenty percent of society makes fifty-two times that which the lowest twenty percent makes. Imagine that twenty-five years ago, that same top twenty pecent made twenty-one times the average income of the poor. Fifteen years ago, the difference jumped to thirty-two. Today, it is at fifty-two, with the lowest twenty percent making two cents for every dollar earned by the richest twenty percent. Since 2000, the number of middle-class earners has decreased, while those classified as poor or upper-class have both increased.
Is it Brazil? Is it Recife? Is it São Paulo?
No. It is Manhattan.
posted by Karen @ 7:47 p.m.
3 Comments:
I’d believe it! It sure was tough to make $6 an hour – granted it was cash, but then no benefits, and then pay $600 a month for rent….which was downright cheap for Manhattan standards….and I have a MS!
I had forgotten about your "eastern" experiment Al! Wasn't that the Christmas that you asked for postage stamps? You mean MSc right?
yup...the joys of groveling for an under the table job, paying rent in cash, existing on the same spagetti dinner every night (99 cents for noodles, $2.49 for sauce - a good 4 meals out of that...) while my roommates went out to the latest and greatest club or restaurant and spent more than I earned in a week... good for the soul searching though!!
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