The Economic Divide in Miami

Miami’s Economic Transformation

Economists describe an emerging trend in Miami, known as “Aspen-ization.” This refers to the development of a dual economy that highlights the difficulties faced by the lower economic tier.

The Daily Struggle

For many residents in Miami, like Natasha Armas, this economic divide is a part of their everyday lives. Working at local establishments such as Bryson’s Irish Pub, individuals experience firsthand the widening gap between different economic classes.

Two-Speed Economy

The U.S. economy is increasingly perceived to operate at different paces for distinct groups. One speed caters to the affluent, while the other impacts the broader population. This disparity is particularly pronounced in Miami, underscoring the challenges locals face in an evolving economic landscape.