Mei Tung Estate – Photograph by Can Pac Swire via Creative Commons
Hong Kong’s shortage of affordable housing is becoming an increasingly pressing issue – over 30% of the population is currently living in subsidized housing, and the number of people waiting to enroll in the public housing program is growing each day. Because the Government program is so competitive, many residents are forced to live in divided units, cage homes, or rooftop settlements. Increasing rent pressure, inflation, and undesirable living conditions make homelessness the only option for many.
Hong Kong is a rich city, but wealth is extremely unevenly distributed. According to a study on 28 Asia-Pacific cities, Hong Kong ranked the lowest on its Gini Index – a measurement of income distribution. While the rich enjoy luxury condos with elevated swimming pools, the poor, which makes up about 20% of the population (a total of ~1.4 million people), struggle with ever-increasing housing prices. View full post »
by Ziyou Tian
May - In the US, people are moving South.This has exacerbated the inequality problem.
http://www.theatlantic.com/business/archive/2016/05/how-america-lost-its-mojo/484655/
How America Lost Its Mojo