“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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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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YES
Our measure of time is set principally by the social cadence of activity around us. If that pace is out of whack with what our natural processes can absorb (intellectually & emotionally), then we naturally feel stress & anxiety - even if nothing bad is happening.
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Big cities have manifest physical infrastructure that supports and reinforces this pace. A "New York Minute" is a materially different thing than a Birmingham Minute. Which is why environment is a chaos agent while the other is always laggard.
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