Abby Joseph Cohen Sees 'Dramatic' Widening of Income Inequality

The video discusses the disparities in job growth and income between urban and rural areas in the US, highlighting significant differences in education and industrial composition. It emphasizes the need for policy interventions to address these gaps. The success of New York City in creating jobs, especially in lower-wage sectors, is examined as a case study, with a focus on the role of tourism and local initiatives in driving economic growth.

What is the job growth rate in the largest cities compared to rural areas since the financial crisis?

• 20% in cities, 10% in rural areas

• 14% in cities, less than 3% in rural areas

• 10% in cities, 5% in rural areas

• 5% in cities, 2% in rural areas

How much higher is the likelihood of having a college degree in urban areas compared to rural areas?

• 15 percentage points

• 10 percentage points

• 20 percentage points

• 5 percentage points

What percentage of the population in large cities is foreign-born?

• 50%

• 5%

• 30%

• 15%

What sector has seen the fastest job growth in New York City?

• High tech jobs

• Finance

• Tourism and hospitality

• Medical research

What was a key factor in New York City's job creation strategy post-9/11?

• Focusing on high-tech industries

• Increasing foreign investments

• Boosting tourism and local services

• Reducing taxes for businesses