Electile Dysfunction (Current students plz look!)

[WRXtranceformed]

Okay-  as I already mentioned, this study that all of you seem to champion, was seriously flawed for the reason I mentioned.

Amazon would have reportedly generated $27.5 billion in city and state revenue over 25 years—a 9:1 ratio of revenue to subsidies. This arrangement was predicated on Amazon creating at least 25,000 jobs over the next decade—and up to 40,000—with an average salary of $150,000, the memorandum said. Another 1,300 jobs were in the pipeline for construction and some 107,000 in total direct and indirect jobs were anticipated, according to state estimates.

40,000 jobs were assumed for that number, assumed nothing developed in it's place.

As your own article also states, they were adding little to nothing in regards to infrastructure that they would be adding even more strain to. 

I will grant you, this is complicated. Again, though, this isn't the doom scenario you're trying to paint. NYC will be just fine, other companies will move in without needing any incentives.

Right, the infrastructure upgrades were already planned regardless.  The extra strain presumably would be addressed via the added tax revenue.

It's the additional jobs in this scenario (the "direct" and "indirect" jobs described there, although they left out "induced" jobs which is generally a much larger number) that are the X factor.  All of those jobs add to regional prosperity and taxation.

I'm not arguing that NYC is going to collapse, my point is that you simply cannot dismiss the massive impact that that many high paying jobs make on a region.  It's a shame for that area really but it looks like for right now anyway Amazon is going to spread the jobs across their existing markets as opposed to redirecting them all to a second choice

---

---

Are we arguing that companies shouldn't receive benefits from state and local governments for bringing job opportunities to their regions?  Because you obviously know that happens all the time right?  Every state and nearly every big city has an EDO that negotiates these moves and it is BIG money for the people that do it.

Doesn't make it right. We don't need to spend the money here, other businesses will come. As I stated before Google is already doing so for 12K positions without any need for NYC tax incentives.

I wouldn't hold your breath on that:

According to The Wall Street Journal, Google isn’t pursuing any incentives from New York in exchange for its newly expanded presence in the city. But, politics and business being what they are, that doesn’t preclude the city giving Google any tax breaks or other perks of its own accord. The exact details of the deal aren’t public right now — which is perhaps unsurprising, considering how past Google land deals have gone — but there’s a chance we may find out more from Google during its Q1 earnings in January (or at another juncture closer to the opening of the campus).