BEGIN ARTICLE PREVIEW:
Following in the footsteps of destinations like Barbados, Estonia, and Dubai, the Cayman Islands announced an initiative to entice remote workers to relocate their home offices somewhere a little more exotic — and perhaps safer.But while the new program is pretty similar to other countries’, there’s one big difference: To apply, workers must prove financial independence — and then some. According to the Cayman Islands Department of Tourism’s website, to be eligible for this program, individuals must make at least $100,000 a year. Couples have a bit more leeway with a combined minimum of $150,000, and families with one or more children must make at least $180,000 a year.To put that into perspective, according to the Census Bureau’s 2019 American Community Survey, median earnings in the US in 2019 were $36,519. According to the 2019 Census, the median household income was $68,703.
This means that neither the typical American individual nor the typical American family would qualify for this new program: They would need to make at least double the national median.The coronavirus pandemic has already deepened economic inequality — or, in the very least, made it even more apparent.When the pandemic first hit, the wealthy escaped densely populated urban cities for remote vacation spots and second …
END ARTICLE PREVIEW