Manhattan is now the most unequal county in America (it was 17th in 1980), with a Gini coefficient — which measures the disparity between the richest and poorest residents — higher than that of Apartheid-era South Africa.Sinatra claimed to want to wake up in the city that never sleeps ...
While the smart set that attends President Obama’s frequent Manhattan fundraisers has prospered, (snip) just across the Harlem River roughly one in three Bronx households lives in poverty — making it the nation’s poorest urban county.
And as the city becomes more economically unequal, it’s also become more racially segregated. Demographer Daniel Herz’ census analysis shows New York is now America’s second most racially divided city, behind only Milwaukee.
New York epitomizes what Citigroup researchers have labeled a “plutonomy,” an economy and society driven largely by the investment behavior and spending of the uber-rich. This creates great demand for low-end service workers — dog-walkers, baristas and waiters.
but he lived in Palm Springs.
