The wealth gap between the rich and the poor in San Francisco is growing more rapidly than in any other city in the Unites States.
According to the 2014 Brookings Institute Report, in 2012, San Francisco ranked second to Atlanta when looking at the divide between the 20th and 95th percentiles. It's ratio was 16.6, whereas Atlanta was 18.8.
However, it ranked first when it came to examining the shift in income inequality from 2007 to 2012, with a 3.9 ratio.
Between 2007 and 2012, the income for the 20th percentile dropped $4,000, while the income for the 95th percentile skyrocketed by $28,000.
Cities have long served as nodes of capitalist accumulation for some, and centers of dispossession for others. While in some cities, such as Jackson, Florida, growing inequality reflects the poor getting significantly poorer. While the poor did get poorer in San Francisco, the increase in wealth amongst the wealthy was overwhelming, reflecting the city's new claim to fame for having the most dramatic increase in income inequality.
In San Francisco, in the wake of the Tech Boom 2.0, trickledown economics does not appear to be working.