Time‘s Denver Nicks referenced an observation made by the Progressive Policy Institute on the positive effects that tech hubs have on income inequality.
Nicks cited a study from the Brookings Institution and concluded that income inequality was broadest in big cities, mostly because of the stagnation of lowest incomes since the recession and the housing crisis. The PPI noted that income inequality grew slower or even decreased in tech hubs:
Income inequality actually increased at a slower rate in tech hubs than in non-tech hubs in Brookings study, and two tech hubs (Denver and Seattle) actually saw a decrease in income in equality in recent years compared to just one non-tech hub (El Paso).
Read the entire Time article here.
