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Ah. Okay, I did miss that, and Amazon gets to either save millions by not hitting that average, or save millions by hitting it. Doesn't make the overall picture any purtier.
Kind of like gambling in Vegas when you know Unca Bugsy will just comp your losses anyway.
Its a lovely picture. 3 cities now add 55,000 direct jobs, and, in all likelihood, 3 times that with US suppliers adding jobs catering to these 2 hqs and East Coast Logistics hub.
Its a lovely picture. 3 cities now add 55,000 direct jobs, and, in all likelihood, 3 times that with US suppliers adding jobs catering to these 2 hqs and East Coast Logistics hub.
But it's not a zero-sum game. A majority of those jobs are likely to be relocations - especially the upper half of salaries - and there's the distributed cost of the city subsidies.
Plus the long-term Seattlization of those cities, which is only a good thing for property owners. Very few of those "1.6 jobs per job" will be able to live anywhere nearby, but who wants to live next to a bunch of waitresses and barista anyway.
I won't say it's a bad thing. But it boils down to mildly interesting third page of the business section news, really.
But it's not a zero-sum game. A majority of those jobs are likely to be relocations - especially the upper half of salaries - and there's the distributed cost of the city subsidies.
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which opens up the jobs they had.
55,000 new hires will be the end result.
As for city subsidies-its largely incremental revenue which is being partially reduced in terms of tax rate.
The majority of the deals are not out of pocket, up front of deal, cash transfers.
Besides jobs are an asset, and Amazon sold 55,000 of them. Assets have value and the buyer (cities) should pay the seller.
Really surprised they picked NYC. They are land locked with a serious housing problem. I loved living there but there is no way would I move back there for $150K. I'll give it a year before the people start blaming Amazon for the high housing cost, the traffic and packed subways, the weather and everything else.
I love these comments from people who have never lived in NYC. I lived there and did fine making less than $150k. Those getting these new jobs will be fine also.
I love these comments from people who have never lived in NYC. I lived there and did fine making less than $150k. Those getting these new jobs will be fine also.
No one is saying you can't do fine. Many people do. But those going ga-ga over the salaries need to realize the relative value of that salary with a job in the center of NYC. EDIT: And across both rivers, yet.
Really surprised they picked NYC. They are land locked with a serious housing problem. I loved living there but there is no way would I move back there for $150K. I'll give it a year before the people start blaming Amazon for the high housing cost, the traffic and packed subways, the weather and everything else.
Not likely, there. Arlington, maybe. Nashville, you betcha.
I'm waiting for the reaction to set in as cities realize how much Amazon played them in the HQ2 game before just... expanding existing operations. I hope cities have the sense to offer them a hearty handshake and a plastic key to the city in the future.
I love these comments from people who have never lived in NYC. I lived there and did fine making less than $150k. Those getting these new jobs will be fine also.
Sure, you can do fine on $150K in NYC. I did with a lot less. But I moved and now I see how much further my money goes elsewhere. My standard of living would go down if I went back for 150. I would have to give up my house for a 1 bedroom apt. Don't get me wrong, I would love to go back but when I think about the small apt and riding the subway again, no thanks. I would have thought Amazon would move to someplace cheaper then Seattle, not more expensive. Be interesting to see how many people will be willing to relocate
A majority of those jobs are likely to be relocations - especially the upper half of salaries.
Do you have a source for that?
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