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Originally Posted by Ant131531
Detroit 2.0 because of a high black population, huh? Atlanta has a top 3 most diverse economy in the U.S....other than a high black population, there's no striking parallels between the two cities. And the only reason why Atlanta has such high income disparity is because of Buckhead and rapid gentrification. When you begin including the suburbs of Atlanta, blacks have a higher median income than those in the city. In fact, there are cities in the Atlanta suburbs where blacks have a higher median income than whites. Fayetteville is one of them.
Atlanta and D.C. are alike in that they both have white populations in their city limits that are abnormally highly educated and have high incomes relative to the black populations.
Here is the % of college educated non-hispanic whites and their median income for each city based on 2010 census data.
Whites are earning more in Atlanta than cities like Seattle, NYC,Chicago, etc...This is the result of massive gentrification in Atlanta and blacks who gain the opportunity to leave the city limits and move to the suburbs. The poorest blacks are left behind and high earning whites move into the city hence the high income disparity.
Remember, Detroit happened because whites left the city, not move into it and the collapse of the auto industry.
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No, not Detroit because of high black population. I believe Atlanta will likely go bust because of massive income inequality.
ATLANTA leads nation in income inequality...AGAIN!
http://www.bizjournals.com/atlanta/n...ity-again.html
I'm also concerned with the lack of infrastructure investment and development patterns. How will we retrofit Metro Atlanta?