Monday, September 05, 2005

Gothamist: Manhattan, King of the Income Gap:

First came word that Gotham was the only city in the country with a population over 1 million to record in increase in poverty. Now the Times reports that Manhattan has the biggest income gap of any county in the United States. The top fifth of earners in Manhattan now make 52 times what the lowest fifth make (that's about $7,047 on the bottom for every $365,826 on the top, or about two cents for every dollar!). In case those numbers didn't make the point: The disparity in Manhattan is roughly equivalent to that of Namibia.

11:48 PM