(big) apple meets banana (republic)

Perhaps not surprising in a city where the top 1% take home 44% of earned income, but still eye-opening – from the NY Times review of Masa:

Take one bite of expertly diced, top-grade fatty bluefin tuna tartare cloaked in an equal measure of osetra caviar and discover a central truth: Masa, owned and operated by the chef Masayoshi Takayama, is one of New York’s peak culinary indulgences.

That bite comes at some cost. Seven years ago, Masa had a base price of $300 a person, excluding tax, tip and upgrades like something to drink. Now it is $450 for the same fandango, an increase of 50 percent. A meal for two at the restaurant can easily run to $1,500 — an amount that is a little more than 35 percent of the Census Bureau’s most recent calculation of the median monthly household income in the United States.

This is for a restaurant that seats 26, in a large space in a building which must surely have some of Manhattan’s highest commercial rents.

As for the rest of the city, a study by the Food Action Research Center of food vulnerability found that roughly one in 6 respondents (15.7%) in the New York City metro area met the following criteria in 2010:

Food hardship is defined as answering ‘yes’ to the question posed by the Gallup organization to hundreds of thousands of people: ‘Have there been times the past twelve months when you did not have enough money to buy food that you or your family needed?’
This entry was posted in Decoupling, Inequality. Bookmark the permalink.

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