The Fast Company Impact Council highlights the critical issues faced by society due to growing economic disparities. The author expresses concern over the stagnation of state leaders in addressing the wealth gap, particularly in Albany, New York, where the number of unhoused people has risen significantly and numerous abandoned properties remain. Recent proposals for economic rejuvenation have not translated into actionable plans. Frustrated with government inaction, the author launched Business for Good to support grassroots efforts aimed at closing the wealth gap and fostering community growth.
In Albany, there are over 1,000 abandoned properties and unhoused individuals increased by 38% since 2022. Yet, concrete plans are lacking despite substantial funding proposals.
I have grown tired of waiting for government leaders to step up to fight the growing wealth gap. I focus on grassroots solutions to eventually see reform.
The wealth gap in America isn't just growing, it's accelerating, revealing a pressing need for actionable steps from government and communities to address this disparity.
While the top 20% have seen a 165% income increase from 1981 to 2021, the middle and lower earners have seen much less progress at 33% and 38%.
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