Tag : income inequality

Written on Aug, 28, 2017 by in | Leave a comment

… simply put, in urban centers there are plenty of people who will partake in the same types of consumption (economies of scale) to uphold amenities like baseball stadiums, opera houses, and theaters and will drive down fixed costs for expenditures such as massages, organic food, and happy hour. Simultaneously, there are enough people that the “long tail” of consumption …

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… the dating market of urban centers (particularly as people marry like, rather than marrying “up” or “down,” a twenty-first-century trend economists term “assortative mating” 23 ). Smart people want to be around other smart people not just for work, but also for friendships and romantic relationships, and over time that results in highly stratified hyper-educated affluent places… Elizabeth Currid-Halkett,

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