Danger: Inequality Rising! |
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According to a recent report, Australian capital cities are becoming more segregated along socioeconomic lines. And the trend is worst in Sydney. Inequality is rising.
The Conversation published: Our cities are widening the divide between the well-off and the rest. How can we turn this damaging trend around? Written by three researchers from the University of Sydney. https://theconversation.com/our-cities-are-widening-the-divide-between-the-well-off-and-the-rest-how-can-we-turn-this-damaging-trend-around-222386 They talked about the so called “latte line”, the infamous, invisible boundary that divides Sydney between the more affluent north-east and the south-west. Historically, people north of the line enjoy better access to jobs and education, and can capitalise on rising property wealth. This has reinforced economic inequality. Sydney emerged as the most segregated and unequal of the five cities. The latte line is getting stronger. Other cities also showed rising inequality. Bad policy is creating a more and more unequal society. The traditional idea of Australia as an egalitarian society is dying. The property market is the problem, but Governments are ignoring the consequences, and focussing on “announcables” as we discussed yesterday. We need to do better! http://www.martinnorth.com/ Go to the Walk The World Universe at https://walktheworld.com.au/ Find more at https://digitalfinanceanalytics.com/blog/ where you can subscribe to our research alerts Please consider supporting our work via Patreon: https://www.patreon.com/DigitalFinanceAnalytics Or make a one-off contribution to help cover our costs via PayPal at: https://www.paypal.me/MartinDFA We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1 Please share this post to help to spread the word about the state of things.... Caveat Emptor! Note: this is NOT financial or property advice!! 🚨BEWARE OF SCAMMERS🚨 As there are accounts impersonating Walk The World in the comments on YouTube, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram |