[quantdev]

>>If we believed that Amazon is actually creating 25,000 NEW jobs, as well as jobs that otherwise would not exist, it seems pretty reasonable to say that the state and city come out ahead net-net.

From NYC's perspective, many of these probably will be new jobs, because many knowledge workers who wouldn't otherwise will move to NYC because of an Amazon job.

Further, $109k/yr/employee is way too low for NYC Amazon engineers; this is likely ignoring the equity grant which is taxed as ordinary income. The average will skew much higher. It seems that each new employee will very easily generate over $6100/year in state+local tax revenue.

Further there are synergies and network effects from NYC having more tech jobs and these nth-order effects will also generate tax revenue.

You can argue that this charade wasn't good for America, but it certainly was good for NYC.