income inequality

A few dozen people gathered in a conference room of the Bruce C. Bolling Municipal Building in Roxbury last Wednesday for a historic meeting as the city’s Black Men and Boys Commission held its first public listening session, and first formal public appearance, in the organization’s history.

It is an open secret that multi-millionaires and billionaires, many of them foreign buyers, are purchasing luxury condos across Boston. Some are inhabiting these properties, but the majority are being deployed as global “wealth storage units,” a place to park assets that will hopefully hold their value in volatile economic times.

Recent reports indicate a widening gap between pay for CEOs and the pay of the ordinary worker. The excessive salaries of some CEOs contribute to the nation’s concern for income disparity.