Elite Dating Apps Threaten to Make America’s Wealth Gap Worse
“The League is among a new crop of elite dating apps whose business models are predicated on the age-old reality that courtship is partly an economic exercise. The services are facilitating unions between educated, affluent millennials who are clustering in such cities as San Francisco and New York. In the process, they could be helping to intensify America’s growing income inequality, as well as wealth disparities between metropolitan areas and the rest of the country. Dating apps ‘help you find exactly what you want,’ says Tyler Cowen, an economist at George Mason University who has broached the topic on several occasions on Marginal Revolution, a popular blog he co-hosts. Now, ‘you marry a college professor across town, a lawyer in D.C., rather than someone you work with or someone your brother-in-law matched you up with.’ (Cowen is also a columnist for Bloomberg.)”