Reducing Income Inequalities: The Case of Austin

Reducing Income Inequalities: The Case of Austin
Authors/editors: Echeverri-Carroll, Elsie L.; Kumazawa, Risa
Type: journal
Publisher: Bureau of Business Research, The University of Texas at Austin
Series: Texas Business Review
Date: 2000-04
Full text:


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.