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by true_religion
3232 days ago
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It's an inequality coefficient, not any kind of measure of how "nice" a country is for someone living there. Countries with a high Gini, tend to segregate more heavily than those who don't, which for the typical 'rich' software developer means that they'll live in a trendy area and know to avoid the 'ghetto'. For example, Miami has a high gini at ~0.6 to 0.7 which gives you the palaces overlooking shacks effect of Miami Beach. High gini also correlates with extreme economic growth, where the benefits fall onto a small group (e.g. software developers), and a reversion to the mean hasn't yet taken place. |
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cough cough the Bay Area. Seriously, though, the Santa Clara County metropolitan statistical area clocks in at 0.45 while New York is 0.60 [1].
[1] https://www.census.gov/prod/2012pubs/acsbr10-18.pdf