The study of 120 cities places New York City as being the ninth most unequal.
"High levels of inequality can lead to negative social, economic and political consequences that have a destabilising effect on societies," said the report. "(They) create social and political fractures that can develop into social unrest and insecurity."--from "Wealth gap creating a social time bomb," referencing the UN report, in "Guardian" of the UK, Oct. 23, 2008.
According to the annual State of the World's cities report from UN-Habitat, race is one of the most important factors determining levels of inequality in the US and Canada.
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Disparities of wealth were measured on the "Gini co-efficient", an internationally recognised measure usually only applied to the wealth of countries. The higher the level, the more wealth is concentrated in the hands of fewer people.
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See the list of countries, by Gini coefficient, and see where the US ranks in wealth distribution. Data were from the United Nations and the US Central Intelligence Agency.
1 comment:
Interesting. Thanks for the Guardian link.
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