Hacker News new | ask | show | jobs
by YeahSureWhyNot 2680 days ago
all people who would qualify to work at Amazon getting 150k per year are already working somewhere making something close to that. this was not going to change employment rate or boost income taxes. this was going to drive housing prices, especially rent thru the roof though.
1 comments

> all people who would qualify to work at Amazon getting 150k per year are already working somewhere making something close to that. this was not going to change employment rate or boost income taxes. this was going to drive housing prices, especially rent thru the roof though.

Those people might not currently be in NYC, and they might have moved to NYC to work for Amazon. NYC would have received more income tax revenue if high earners moved there from somewhere else.