Equality, or Opportunity?

The Story

Read more at politico.com
Photo: Mario Tama / Getty Images

Mayor de Blasio entered office five years ago on a platform of reducing income inequality in New York City. New data show, unsurprisingly, that he has failed to do so, but income inequality is not a useful measure of the city’s well-being and is not subject to mayoral influence, anyway. The metric that matters is economic opportunity, to which the mayor should pay much more attention.

The Facts You Need to Know

  1. GINI: Measures of relative income equality in the city have not budged much since de Blasio assumed office. Read More.

  2. Minimum: Raising the minimum wage would increase the cost of hiring and hurt low-skilled and younger workers. Read More.

  3. Golden Goose: Income inequality, in fact–as represented by big salaries in finance and professional services–helps pay for the city’s exhaustive social services. Read More.

“Work is a crucial factor to lifting people out of poverty, and as importantly, to breaking the mindset of dependency that mires people in intergenerational poverty.”

Kay Hymowitz, Manhattan Institute senior fellow

Twitter Take

The Past is Present

What Causes Income Inequality? By Francis Menton (July 31,2015)

“De Blasio has campaigned on the message that income inequality is ‘the defining challenge of our time.'”

And in other news...

“The New York Metropolitan Transportation Authority’s new fare payment system is supposed to make paying for transit rides quicker and easier”