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Between WTC and Hudson Yards, there will be a lot of new office space coming on line. If it fills, without emptying the older soace, there'll be a lot of new jobs.
I don't think transplants are working as building security, maintenance, receptionists, or low level clerical or administrative jobs, in food service in cafeteria or the restaurants at the bottom, etc. That work will be done by working class people from the outer boroughs and upper Manhattan, and to a degree from Jersey.
Economic development like this affects ALL demographics across the city. Of course not everyone benefits from it equally, but to say that poor people don't benefit from economic development is just plain not true.
Not to mention all the working class people who had construction jobs on the building as it was being built, and not to mention the relating jobs that supported that.
Well, Spotify is bringing 1k new jobs there, and it only cost NY taxpayers $11M in incentives.
How much in payroll taxes are Spotify's employees having taking out of their checks, and how much money do they spend in NYC? I'd be some of them are property owners as well.
Many of the biggest firms moving into these mega developments are relocating from other city locations. To the degree their businesses expand they'll add workers. But that still leaves their old space empty. And no one knows who if anyone will fill that space. So net net, new employment overall will depend mostly on general business conditions rather than just the presence of new space. Plenty of examples of office buildings, like the old WTC or the Empire State that stood half empty for a long time.
As companies move into the new space, the empty space will likely go down in price, making it more attractive to businesses who want a NYC office. In short someone will fill the space. Keep in mind NYC has a big startup scene.
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