"Those with a car could flee. Those with wealth could move into a hotel."

Sandy Exposes Inequality

#Money

Thu, Nov 1st, 2012 11:00 by capnasty NEWS

David Rohde of The Atlantic puts in perspective The Hideous Inequality Exposed by Hurricane Sandy, with the rich waiting out the storm in fancy hotels while the poor still having to show up for work and leave their loved ones behind.

Those with a car could flee. Those with wealth could move into a hotel. Those with steady jobs could decline to come into work. But the city's cooks, doormen, maintenance men, taxi drivers and maids left their loved ones at home.

New census data shows that the city is the most economically divided it has been in a decade, according to the New York Times. As has occurred across the country, the rich are getting richer and the poor are getting poorer. Twenty-one percent of the city is in poverty, and the median household income decreased by $821 annually. Per the Times: "Median income for the lowest fifth was $8,844, down $463 from 2010. For the highest, it was $223,285, up $1,919."

Manhattan, the city's wealthiest and most gentrified borough, is an extreme example. Inequality here rivals parts of sub-Saharan Africa. Last year the wealthiest 20 percent of Manhattan residents made $391,022 a year on average, according to census data. The poorest 20 percent made $9,681.

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