Why finance jobs are widening income inequality in cities around the world

Why finance jobs are widening income inequality in cities around the world

Skyscrapers in the City of London, United Kingdom. Mistervlad/ShutterstockTry to imagine the history of New York without Wall Street, or London without the City. It’s not easy. Hosting a country’s main financial markets shapes a city’s identity, raises its profile and creates jobs. But there are trade-offs. By acting as a magnet for high-paying finance jobs and related professions, many financial cities suffer from particularly high levels of in…