[Mayor Megabucks is the perfect choice to head today's NYC, contributing to the illusion of general prosperity:]
April 2, 2007
Talking About the City’s Middle Class
By Sewell Chan
At least three potential candidates for [NYC] mayor in 2009 — the Bronx Borough President, Adolfo Carrión Jr., City Comptroller William C. Thompson Jr. and Representative Anthony D. Weiner — are participating in a conference today on “The American Dream in the Big Apple: Is New York City Still a Middle-Class Town?”
The discussion, at Baruch College, was organized by the Drum Major Institute, which issued a report concluding that the city’s leaders overwhelmingly agreed that it has gotten harder for New Yorkers to enter the middle class.
After opening remarks by former Gov. Mario M. Cuomo, John H. Mollenkopf, of the Center for Urban Research at the City University of New York, gave a presentation on the paradox of “growing inequality amidst overall prosperity.”
He noted that more and more New Yorkers are in households earning less than $30,000 a year or more than $250,000 a year — with fewer and fewer in between. Top income earners are growing not only in number, but in total income.
“Average incomes are thus rising mainly because the top is pulling them up,” he said. ...
<http://empirezone.blogs.nytimes.com/2007/04/02/talking-about-the-citys-middle-class/>
Carl
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