Ever been to a third world country?
Try visiting New York.
Income distribution in New York City has become more skewed than most shack-and-castle principalities of the developing world. It is now the most unequal city in the most unequal state in the most unequal developed country in the world.
Obviously inequality is growing as a consequence of Wall Street, which has doubled and redoubled income in recent decades.
Inequality grew over three times as fast in New York State -- and over four times as fast in New York City
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.