The NYT reported on a Brookings study that examined inequality by city. The study showed that the largest and fastest growing cities tended to have the most inequality. In fact, the study understated the differences in inequality for two reasons.
First its focus was on the 95th percentile of the income distribution compared to the 20th percentile. While the 95th percentile had gotten at least an even share of the country's income growth over the last three decades, the big gains have been con...
Published on February 20, 2014 03:05