One of the main ways America addresses inequality is through geographical filtering of its population into high and low cost areas, which compresses the real income distribution.An important question is whether or not we should applaud this outcome.
"One of the causes of inequality in this country is, it's very difficult for people to live in low cost areas but get access to high wages," Reuter said.
"If you're in a low-cost area of the country, the economics don't work as well as if you're in a high-cost area," said Dan W. Reicher, assistant secretary of energy.
In 2009, the National Center for Children in Poverty found that a family of four living in a low-cost area earning $37,162 annually (based on two parents earning $9.00 per hour, or 175% of the poverty rate) would spend all but $375 of their monthly income on housing, utilities, child care, transportation, food and taxes.
Underdevelopment in a low-cost area may merely suggest difficulty in achieving success but not a fatally "stacked deck".
If you are seeking to retire in a rural, low-cost area, choose an area that has a low population-density and affordable housing.
With overtime, they commonly earn six-figure salaries, and they work in rural, low-cost areas.
It must start investing in low-cost areas, so that the taxpayer gets value from the tax paid.
Just as there were efficient providers in high-cost areas, there were inefficient ones in low-cost areas.
National median prices can be misleading, particularly because more or fewer sales may be coming from high-cost or low-cost areas.
