Salon’s Carrie Sheffield sat down with Silicon Harlem founder Clayton Banks on Monday for a Facebook Live discussion about the unique gentrification infecting Harlem, New York.
“Harlem has always been multicultural,” and so too has been the gentrification taking place there, Banks explained. “It’s not one culture replacing another. It’s not one ethnicity replacing another.”
Gentrification in Harlem is, instead, characterized by income inequality, he said. “You have people moving into Harlem that are doing well and are having a good run economically, so those who cannot afford the neighborhood anymore are being pushed out.”
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