4 ms·
Of course it's a good thing if people are able to move up and do better economically. But it seems like a huge stretch to assume that's what happens to existing
by colpabar 4y ago
Of course it's a good thing if people are able to move up and do better economically. But it seems like a huge stretch to assume that's what happens to existing residents when gentrification happens.
- nine_zeros 4y agoThat's because gentrification in America displaces lower income but gentrification in developing countries is more mixed and brings growth. Make some restaurants near a poor area in Mexico, the poor are happy to earn and not have travel 30 miles for work. 5 years in, they will leave to a cheap suburb or rural area.