| Here's another interview with Wolff: Transcript should arrive here eventually: https://therealnews.com/stories/amazon-gets-3-billion-in-ny-... Video: https://www.youtube.com/watch?v=KlECXGQfVyY Some of the highlights of the jobs points that makes it clear the exact figure of the promised number of jobs is virtually irrelevant precisely because so little is asked of Amazon here: - Ben Norton says that in 2017 NYC gained over 72,000 new jobs. Therefore the money NYC is giving Amazon with virtually no strings attached effectively buys them about 4 months of job growth. That's a remarkably low number of jobs for such a large amount of money. - It's not even clear if the 25,000 jobs are new jobs or if Amazon will shift workers from one location to HQ2. This means New Yorkers are subsidizing job movement for extant employees. - There are no performance guarantees for Amazon in this -- if Amazon doesn't add the promised number of jobs, or if those jobs turn out to be significantly less attractive (perhaps near minimum-wage jobs, it takes Amazon a decade to add these jobs, or the jobs are done remotely thus pitting New Yorkers against the rest of the world) there's no penalty for Amazon to pay. No Amazon profit-sharing to NYC. |