Which cities have the most severe income inequality, class segregation, and unaffordable housing?
Philadelphia is among the top 10 cities suffering from the so called New Urban Crisis
According to the New Urban Crisis index published by CityLabs (The Atlantic), wage inequality, social segregation and the unaffordability of housing are the key factors of a new kind of crisis affecting cities across America. And Philadelphia is among the top ten.
The New Urban Crisis is most severe across the Boston-New York corridor and on the West Coast—especially around San Francisco and Los Angeles—as well as Miami, Austin, Houston, and Dallas, and Chicago and Memphis.
Los Angeles is first, New York is second, and San Francisco is third. Other leading tech hubs—Boston, Austin, and San Diego—number among the top ten. But the New Urban Crisis is felt far beyond the nation’s superstar cities and leading tech hubs. Miami, Philadelphia, and Memphis also among the top ten.
In the end, the New Urban Crisis is a fundamental feature of larger, denser, richer, more high-tech, more creative-class cities and metro areas. This illuminates the central contradiction that stands at the heart of today’s urbanized form of knowledge capitalism writ large. The very same clustering of talent, business, and economic capability in large, dense, knowledge-based places also carves deep divisions into our cities and society.
As reported in CityLabs.