Reducing Income Inequalities: The Case of Austin
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Date
2000-04
Authors
Echeverri-Carroll, Elsie L.
Kumazawa, Risa
Journal Title
Journal ISSN
Volume Title
Publisher
Bureau of Business Research, The University of Texas at Austin
Abstract
According to many economic development specialists, cities that support high-tech industries can expect to show higher and longer running rates of growth. Such has been the case in Austin. However, economic growth does not come without a price. The Austin boom has been accompanied by increased pollution and traffic congestion, skyrocketing housing prices, a scarcity of qualified labor, and most importantly, an increasing gap in income inequalities. This article explores the implications of a widening income gap.