By Martha C. White
October 5, 2016

Inequality is a big problem in the United States, but some places have it worse than others. And according to a new analysis by Bloomberg, the place with the biggest gap between rich and poor residents is Miami, which vaulted six spots to claim the dubious distinction of most-unequal city.

The South Florida city has seen an exodus of middle-class jobs, and the jobs that have replaced them, although greater in number, aren’t the kind of good jobs that enable someone to earn enough to live a middle-class life.

“The quality, and the wages, and the income of those jobs created have been significantly lower,” Florida International University Metropolitan Center senior fellow Kevin Greiner told Bloomberg. As a result, the gap between the highest and lowest earners grew by 17% in just a year, nearly as much as it had grown in the seven years prior. Wages of workers at low-income jobs actually fell.

In general, the South doesn’t fare too well when it comes to inequality. After Miami, there are three other Southern cities in the top five: Atlanta, New Orleans and Dallas, respectively. The one outlier is New York City, the city with the third-highest level of inequality.

SPONSORED FINANCIAL CONTENT

You May Like

EDIT POST