4min chapter

People I (Mostly) Admire cover image

44. Edward Glaeser Explains Why Some Cities Thrive While Others Fade Away

People I (Mostly) Admire

CHAPTER

Hurricane Katrina

In the year following hurricane katrina, incomes of people who lived in new orleans at the time of the hurricane fell by about two thousand dollars. By two years after catrina, their incomes were back even with the matched payers from other cities. Following that, their incomes actually exploded. And in the long run, say ten years later, they had earned far more than the people who looked like them, but weren't affected by the hurricane. That makes a lot of sent i don't know if you've ever seen a paper i was a coatheron, and it strikes me as being highly related to the concept of dying Cities.

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