Urbanist Richard Florida looks at the effects of gentrification of downtown cores.
Not all the results are positive:
As these more advantaged types have come in, lower-income, less-educated racial minorities have moved out—or been pushed out—of these areas, mainly as a result of rising housing prices. In fact, the study finds that “gentrification” is at least equally the consequence of lower income residents moving out of downtown neighborhoods as it is the affluent whites moving in. As the study points out, “while some of the gentrification in central neighborhoods has to do with population growth, most of it has to do with shifts in the composition of a declining population.”
This outflow of the less affluent is especially troubling because urban centers offer both better job opportunities and greater levels of the kinds of amenities that can help boost their wages and increase their prospects of economic mobility. The end result is growing inequality and spatial segregation as the less advantaged are pushed out of the urban core and into either suburbs or less advantaged and more economically isolated areas of the city.
To read the rest of this article from The Atlantic’s CityLab, click here.
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