Mark your ballots!

Tuesday, March 25, 2014

D.C. Should Aim Higher

  
Washington, D.C. recently rated near the top of American cities for income inequality. Perversely, D.C.’s economy is a welfare state for the rich, or at least the upper middle class: The federal government imports thousands people with law or other graduate degrees to D.C. monthly, and pays them between $75,000 and $150,000 a year.
Lobbying and law firms hire, at even higher salaries, other demographically similar people to navigate the expanding federal government. The new residents bid up real estate prices — both sale prices and rents — displacing D.C.’s long term residents, who have less money, are more likely to be minorities, and less likely to have graduate, or even undergraduate degrees.


Read more at: The Daily Caller.

No comments:

Post a Comment

Pranav Badhwar for Ward 6

Pranav Badhwar for Ward 6
Pranav Badhwar for Ward 6

Campaign 2014

Loading...