Skip to content

Did Someone Say Inequality, Mr. President?

Last year, before inequality became the buzzword for the proposed Democrat rebound, Joel Kotkin explained to us what a society run by the Dems’ biggest donors looks like:

Rather than a beacon for upward mobility, [Silicon] Valley increasingly represents a high-tech version of a feudal society, where the vast majority of the economic gains go to a very select few. The mostly white and Asian tech types in Palo Alto or San Francisco may celebrate their IPO windfalls, but wages for the region’s African American and large Latino populations, roughly on third of the total, have actually dropped, notes a recent Joint Venture Silicon Valley report, down 18 percent for blacks and 5 percent for Latinos, from 2009-11.

But hey, they’re leftists, so the rules are different for them.

Posted in Business, Culture, Demographics.