Bob Herbert: American Cities and the Great Divide (NY Times, via Truthout)

[marmar]

American Cities and the Great Divide
By Bob Herbert
The New York Times

Tuesday 22 May 2007

A public high school teacher in Brooklyn told me recently about a student who didn’t believe that a restaurant tab for four people could come to more than $500. The student shook his head, as if resisting the very idea. He just couldn’t fathom it.

“How much can you eat?” the student asked.

When I asked a teacher in a second school to mention the same issue, one of the responses was, “Is this a true story?”

A lot of New Yorkers are doing awfully well. There are 8 million residents of New York City, and roughly 700,000 are worth a million dollars or more. The average price of a Manhattan apartment is $1.3 million. The annual earnings of the average hedge fund manager is $363 million.

The estimated worth of the mayor, Michael Bloomberg, ranges from $5.5 billion to upwards of $20 billion.

You want a gilded age? This is it. The elite of the Roaring Twenties would be stunned by the wealth of the current era.

Now the flip side, which is the side those public school students are on. One of the city’s five counties, the Bronx, is the poorest urban county in the nation. The number of families in the city’s homeless shelters is the highest it has been in a quarter of a century. Twenty-five percent of all families with children in New York City — that’s 1.5 million New Yorkers — are trying to make it on incomes that are below the poverty threshold established by the federal government.

The streets that are paved with gold for some are covered with ash for many others. There are few better illustrations of the increasingly disturbing divide between rich and poor than New York City. ......(more)

The complete piece is at: http://www.truthout.org/docs_2006/052207H.shtml