Baltimore: Smacked Down by the Invisible Hand

By Bill Below. The city’s median income is $41,385, but as always the devil is in the details. To find the real picture of inequality you have to de-aggregate. The median income for whites in Baltimore is $60,550, but drops precipitously to $33,610 for blacks. Unemployment for young white men in Baltimore is 10%, but for young black males it jumps to 37%. As a point of reference, the unemployment rate at the worst point of the Great Depression was 25%. More...