Gentrification

By Kathleen Murray

Excerpt: “Cities across the United States, from Boston to Seattle and San Francisco, are grappling with the consequences of gentrification as growth industries attract highly paid professionals. The influx of these professionals into urban neighborhoods pushes up housing costs and pushes out longtime residents. This surge in gentrification has prompted a debate: Supporters say the trend reflects a strong economy and the natural evolution of cities, while critics cite the social costs, such as rising inequality and changes in the character of neighborhoods. The consequences have included growing protests over perceived harbingers of gentrification, such as new coffee shops or bicycle lanes, and demands for a more controlled process of urban development.”

Citation: Murray, K. (2017, August). Gentrification. Sage Business Reader. https://doi.org/10.1177/237455680325.n1

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