Categories
Dedman College of Humanities and Sciences Dedman College Research Economics Faculty News

How the widening racial wealth divide threatens Dallas, nation

Dallas Business Journal

Originally Post: Feb. 6, 2019

When income polarization increases, the middle class thins out, says Klaus Desmet, a professor of Economics at Southern Methodist University.

Dallas has had lower unemployment and a stronger economy than most major U.S. cities over the past decade, but racial economic inequality in the city is much higher than it is nationwide. And the divide is growing. READ MORE