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"Technology and Inequality" via MIT Tech Review


OPEN Sustainability & Technology


http://www.technologyreview.com/featuredstory/531726/technology-and-inequality/
The disparity between the rich and everyone else is larger than ever in the United States and increasing in much of Europe. Why? 

The signs of the gap—really, a chasm—between the poor and the super-rich are hard to miss in Silicon Valley. On a bustling morning in downtown Palo Alto, the center of today’s technology boom, apparently homeless people and their meager belongings occupy almost every available public bench. Twenty minutes away in San Jose, the largest city in the Valley, a camp of homeless people known as the Jungle—reputed to be the largest in the country—has taken root along a creek within walking distance of Adobe’s headquarters and the gleaming, ultramodern city hall.  The gap between the wealthy and everyone else is largest in the United States. The richest 1 percent of the population has 34 percent of the accumulated wealth; the top 0.1 percent has some 15 percent.







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