“In effect, something we often think of as undesirable (high inequality) has been a signal of something positive in big cities (a strong economy). And in Binghamton, relatively low inequality has been a signal of a weak economy.”
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Replying to
Big cities are blackholes
Inequality within them is the stretching of space time around them
Time preference slowly gets reshaped from very high to very low as you traverse socially from minimum wage to billionaire
Social stress = performed time preference vs actual
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Replying to
Paywalled, and when they consider Binghamton to have had low inequality dunno, but ok.
Fascinating town in that "comps" aren't geographically widened, smoothed, and boosted. Granularity, thus affordability for all according to their means.
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