The graphs were pretty cool, it really proves his point that there is a greater and greater income gap. One thing that is kinda bad is i don't really follow trains so i didn't know what those different intervals were
This was definitely one of the more interesting blogs we've done. If a picture is worth a thousand words, then these graphs are worth a lot more. It was quite surprising (and worrisome) to see the huge income disparities by each train line, represented by rapid spikes in the line graph. In many ways, this seems like a really undesirable outcome, as this gap is only widening. We should definitely keep income inequality as a main concern as its effects on the greater society may become more pronounced.
MTC – Period 6 This is what I love about New York. Rich people take the subway. The information clearly shows that Manhattan has the richer subway users. It also shows that rich people tend to live in central Manhattan. Other than that, this is amusing but not particularly insightful. Am I honestly supposed to look at these statistics, and realize there is a real problem? This is just a curiosity. Income inequality is a logical result of globalism and automation. The people who are already established can sell to more people on the global market, and they can do it cheaper because of automation. It seems that many people view income inequality as the rich elite stealing from the poor, but it is a result of rational and not-unethical self-interest. Well, to be clear, many rich people are treated unfairly well by society and are hurting poor people success, but I wouldn’t say that that is the main reason. On top of that, with globalism, poor workers have to compete with everyone in the world. Yet again, this only seems to be a rational result of global trends. Income inequality is a problem all over the world.
This display really surprised me that while some people were living with less than 50,000 a year others were living with more than 200,000 a year. Its a crazy gap and especially since there seems to be very little of in between incomes and mostly either very rich or very poor.
I noticed that overall it seems like Manhattan areas usually had more upper incomes compared to Brooklyn and Queens, which isn't that surprising considering how expensive it is to live in the city.
It is interesting to see how income levels change so vastly in the span of just a couple of streets. The fact that the income gap in Manhattan is on par with countries such as Sierra Leone and Namibia is shocking.
Jeffrey Kim - Period 6 Micro The enormous income gap in NYC is becoming a more prevalent and well-known problem. After a debate in my AP Macroeconomics class, I realized how serious this income gap is affecting people especially with the housing market since the prices of apartments are increasing dramatically. The cost of living, along with housing expenses, are becoming too high for the blue collar workers that are needed to sustain the busy metropolitan life of NYC. Although the city is a center of trade, both domestic and international, which inevitably leads to an increase in wealthy businesses, it is important to provide protection for the necessary lower-income workers in the city. The information with the subway system highlights the dramatic income gap in the city which needs to be addressed.
Income inequality is an issue in America and is an especially big problem in NYC. I find it bewildering that incomes can fluctuate so drastically between boroughs and even neighborhoods. I felt that this just emphasized the gaping differences in incomes in NYC. What's shocking is that if Manhattan were a country, the income gap problem would be on par with countries like Sierra Leone and Namibia. Although income inequality is to be expected, it's almost unbelievable to see just how big of a difference in income there is just between neighborhoods.
Aditya Since I usually take the subway mostly to manhattan, it is hard to notice the income inequality that exists along the way. this article really opened my eyes to the income equality that I knew existed in New York City, although I never really paid much attention to it.
The graphs were pretty cool, it really proves his point that there is a greater and greater income gap. One thing that is kinda bad is i don't really follow trains so i didn't know what those different intervals were
ReplyDeleteKJL PD 6
Ben Pleat Micro pd 6
ReplyDeleteThis was definitely one of the more interesting blogs we've done. If a picture is worth a thousand words, then these graphs are worth a lot more. It was quite surprising (and worrisome) to see the huge income disparities by each train line, represented by rapid spikes in the line graph. In many ways, this seems like a really undesirable outcome, as this gap is only widening. We should definitely keep income inequality as a main concern as its effects on the greater society may become more pronounced.
MTC – Period 6
ReplyDeleteThis is what I love about New York. Rich people take the subway. The information clearly shows that Manhattan has the richer subway users. It also shows that rich people tend to live in central Manhattan. Other than that, this is amusing but not particularly insightful. Am I honestly supposed to look at these statistics, and realize there is a real problem? This is just a curiosity.
Income inequality is a logical result of globalism and automation. The people who are already established can sell to more people on the global market, and they can do it cheaper because of automation. It seems that many people view income inequality as the rich elite stealing from the poor, but it is a result of rational and not-unethical self-interest. Well, to be clear, many rich people are treated unfairly well by society and are hurting poor people success, but I wouldn’t say that that is the main reason. On top of that, with globalism, poor workers have to compete with everyone in the world. Yet again, this only seems to be a rational result of global trends. Income inequality is a problem all over the world.
Richard Period 6
ReplyDeleteThis display really surprised me that while some people were living with less than 50,000 a year others were living with more than 200,000 a year. Its a crazy gap and especially since there seems to be very little of in between incomes and mostly either very rich or very poor.
I noticed that overall it seems like Manhattan areas usually had more upper incomes compared to Brooklyn and Queens, which isn't that surprising considering how expensive it is to live in the city.
It is interesting to see how income levels change so vastly in the span of just a couple of streets. The fact that the income gap in Manhattan is on par with countries such as Sierra Leone and Namibia is shocking.
ReplyDeleteJeffrey Kim - Period 6 Micro
ReplyDeleteThe enormous income gap in NYC is becoming a more prevalent and well-known problem. After a debate in my AP Macroeconomics class, I realized how serious this income gap is affecting people especially with the housing market since the prices of apartments are increasing dramatically. The cost of living, along with housing expenses, are becoming too high for the blue collar workers that are needed to sustain the busy metropolitan life of NYC. Although the city is a center of trade, both domestic and international, which inevitably leads to an increase in wealthy businesses, it is important to provide protection for the necessary lower-income workers in the city. The information with the subway system highlights the dramatic income gap in the city which needs to be addressed.
Income inequality is an issue in America and is an especially big problem in NYC. I find it bewildering that incomes can fluctuate so drastically between boroughs and even neighborhoods. I felt that this just emphasized the gaping differences in incomes in NYC. What's shocking is that if Manhattan were a country, the income gap problem would be on par with countries like Sierra Leone and Namibia. Although income inequality is to be expected, it's almost unbelievable to see just how big of a difference in income there is just between neighborhoods.
ReplyDeleteAustin
Period 6 Micro
Aditya
ReplyDeleteSince I usually take the subway mostly to manhattan, it is hard to notice the income inequality that exists along the way. this article really opened my eyes to the income equality that I knew existed in New York City, although I never really paid much attention to it.