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by apendleton
2680 days ago
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At least one of the following would have to be true for that to follow: new people would have to move to NYC specifically for Amazon (or to fill vacancies created by people leaving other companies to work at Amazon), or otherwise-unemployed people would have to become employed because of Amazon, or the people taking Amazon jobs would have to be paid more than they otherwise would. None of these would be guaranteed, though. Unemployment in NYC is already low, and there are significant impediments to moving to NYC unrelated to hiring (high cost and limited availability of housing, for instance). It might well be that the same people would end up employed regardless, just at Amazon instead of elsewhere, and other employers would just have higher vacancy rates. These same people would then produce less total revenue for the city/state because more of the taxes they would have been paying regardless would go to subsidizing Amazon. |
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This has certainly been true for Seattle, fwiw.