Wednesday, July 24, 2013

"Poverty's new address"

Poverty's new address in America: http://www.youtube.com/watch?v=ly718xGmeBk
When I was searching The Economist to find something to write about, this news instantly raised my interest. It talks about there are more and more poor people moving to suburbs.  Suburbs suppose to be the place which rich people live, those who can afford bigger house, longer traveling distance to city, and higher quality living environment. In the middle of the clip, it said the main reason causing this problem is that as city grows, the cost for living becomes more and more expensive. Many who can't afford the living price can only flee to the suburbs for survival. It ironically illustrates inequality. While someone can drive a car traveling to city everyday, his neighbor are having problems on living. This problem of income distribution  is not only an economic-social problem in America but all over the world. With the more and more competitive society, the distance between the wealthy and the poor will just be larger. A post on our AP Economic blogger also tries to address the similar issue. People tend to believe as long as they work hard, they will break the income barrier. But the problem is as long as the resources are all taken by those who can afford it, those who can't afford it will be hard to jump to the top.

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