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if that were only true, most of the jobs would be 30 grand, and to make up the 3 billion they'd give in incentives, it would take over a decade to make that back
bezos ain't stupid, certainly very lucky
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you forgot the brooklyn dodgers
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How Amazon's deal to bring 25,000 jobs to Long Island City will affect LI
The company said it will invest $2.5 billion in New York; it will receive $2.8 billion in state and city tax breaks.
On Tuesday, Gov. Andrew M. Cuomo and New York City Mayor Bill de Blasio announced that Amazon will be expanding its operations to the East Coast and The decision, which the online giant said was driven by the region's talent pool and the transportation infrastructure in Queens, will generate jobs with an average salary of more than $150,000.
Amazon said it will invest $2.5 billion. In return, it will receive $2.8 billion in state and city aid. The $1.5 billion incentive package offered by the state is the biggest ever.
https://www.newsday.com/business/ama...nia-1.23361453
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The company said the avg salary was 150k.
They were investing $2.5 billion. And In return, they were receive $2.8 billion in state and city aid. The incentives were tax breaks only not real money from the tax payers. That is what is key! Keep scaring off business and be ready to become Illinois
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I just checked my google glow in the dark globe of the U.S.. NY ain’t nowhere near CA so who gives a shit really
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Yeah Bezos ain't about losing money.,cept to his wife...lmao.
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Ny and California are the same .damn state's
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Politicians are not economists and never do the math.
Of course, CA is right there, pushing business out of the state as much as NY.
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$150K salary is really not that much in the NYC.
We'll take Amazon in LA and let the employees live next to the homeless. They'll never miss Seattle.
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But same anti business attitude....
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If you read closer the new headquarters would make property values and cost of living rise beyond the means of the local workers, who would only gain a slight bump in their salary.
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Yet wall street somehow manages to thrive despite being in NY. Working at Amazon is like working in hell, even the IT workers hate it there and usually burn out by 30. For workers in their fulfillment centers life is a living hell and most of their workers are broken and crippled by 45, if they last that long. It is similar to the type of injuries that workers at meat packing places get, the automation is always pushing you to your limites. They use software to turn people into robots.
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OP, you realize you just pulled those numbers out of your ass, right?
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MuttonDagger...actually OPs numbers are not pulled out of his ass..
New York State Sales Tax is 4.0%
New York City Sales Tax is 8.875%
New York City Income Tax is 2.9-3.8% depending upon income
New York State Income Tax has income rates from 4.0 to 8.82 depending upon income.
If anything, his estimates are low.....
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The numbers about jobs and salaries are directly from Amazon's information
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your math is faulty. among other problems, you assume that none of these people would be working in NY if Amazon didn't come to town. that's surely not true. These massive incentives often backfire. Take a look at the Foxconn deal in Wisconsin, among others.
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"The company said the avg salary was 150k"
Seems legit
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Amazon was smart to pull out. That was a nut that would have cost them decades of headache
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Give or take $25 billion in revenue over a decade plus. (Let's say 10 just to be safe)
Some other state like Va will take them, the jobs and the revenue. Paid and insured people are kind of nice to have in your state to push local economy.
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My numbers are legit, I even went low instead of high. The point is a lot of jobs were coming to NY but politicians messed it all up. I didnt even talk about all of the buisness that would move in to take advantage of Amazon.
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In the race to crazy, California still has a big lead. New York is trying to catch up.
Saw a NY city councilman on CNBC the other day. He seems to hate Amazon because they are not gonna allow unions.
Bezos did the smart thing here. Go where they are wanted and appreciated.
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I think it was the right call. There’s a serious housing crisis for the lower to middle class but not for the upper class. The benefits that the upper class $150k jobs that will bring won’t be great enough to offset the burden on housing to the lower and middle class in an already highly dense city.
Say rents overnight jumps a $1000 more per month due to anticipated Amazon’s arrival. Your lower to middle income workers aren’t going to be able to get a raise fast enough to overcome the rent hikes.
What’s the alternative. More poor to middle income families pack into smaller apartments like a Japanese commuter train during rush hour.
I know people w rentals in Silicon Valley and it’s ridiculous how many families need to share a tiny 2 bedroom 1 ba 800sf apartment in order to get by. Alternatively, they can commute from cheaper housing Central Valley cities but they’d be giving up about 3-4 hours round trip of their lives lost to commuting due to our crappy inefficient transportation.
It’s ironic that the workers who physically have to be at their jobs pulling levers, pushing buttons, or delivering packages are also the ones who can’t affird to live near work.
However, for the many $150k workers, I bet many of their jobs can probably be done remotely from home or via video conferencing at least a few days a week. And if they must go into the office, they can probably schedule to go in during off peak commuter time.
I say let Amazon go build a Silicon Omaha or Silicon Ozark. Like Field of Dreams, “build it and they will come!” Just like Tesla building their battery factory in Reno and workers will follow. Now there’s a bit of an uptick in Reno economy but they have so much space out there that it’s not overwhelming the locals wrt housing. The locals small businesses benefit from big Corp moving in w/o the adverse effect of skyrocketing rents that locals can’t absorb.
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" The incentives were tax breaks only not real money from the tax payers."
Almost as clueless as the guy on a stock msg board (true story) who saw there was a lot of trading and asked "Is it more buyers or more sellers?"
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Business people don’t do business where it is not worth it. Some liberal politicians would rather have their constituents on welfare instead of working. The tax revenue would have been significant but that doesn’t matter to Communists. They would prefer the Government own everything.
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There's no fucking way I believe the average salary was going to be $150,000.
The OP may have some other good points, but that figure just can't be right.
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Okhappy guy I guess you are too fucking lost to get the point of the statement. "The incentives were tax breaks only not real money from the tax payer" if HX had a way to write it down in crayons I would. Just for you!
The 3b was in tax breaks. Not money paid to Amazon from tax payers. NY did not save 3b by saying no to Amazin. Ny would have pulled in more then enough in Taxes to make up for said Tax breaks.
When a Navy ship was in Newport News Shipbuilding & Drydock for work. They employed about 30,000 workers. A local college did a study and found that every shipyard worker resulted in SEVEN jobs out in town! That’s all the other folks who jobs are created by, and supported by, the shipyard worker. So AOC didn’t just cost 25,000 jobs, she destroyed atleast
200,000 jobs!
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Lol, AOC is gonna take that 3 billion dollars Amazon wasn't gonna pay in taxes and use it to give teachers and firefighters pay raises.
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"The incentives were tax breaks only not real money from the tax payers"
How, exactly, do you imagine these tax breaks are covered? At the expense of services for working Americans. Look around at how Amazon has changed Seattle, destroyed the affordable housing market. They won't be missed.
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Sure Seeker they made it up
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Some some facts...
1) They were going to LIC. Its an up and coming area to begin with so real estate was hot before the announcement.
2) Majority of the buildings already exist and they planned to buy and renovate(some already bought).
3) It's a campus. not some shit hole ware house where you pay 12 dollars for some guy to pack boxes over night. Coorpate exes make mid 7 figures, team leaders high 6's, and when you have those kinda salaries from a good amount of people, its very easy to get a high average depending the way you want to twist the numbers(example, 10 people work at my job. I make 500K, they all make 10K, which makes the average almost 60K .
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The tax breaks are coverd by the massive amount of jobs they give out. Now that Amazon is not coming , NY gets nothing.
You heard of free market capitalism right? Any city can offer and compete for what they think it will be worth to their own market will do so.
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What’s that expression...not all money is good money. In popular urban centers, especially in this economy, there isn’t a shortage of jobs for the lower and middle class. I’m sure there’s plenty of minimum wage jobs now for people who want to work. There’s probably plenty of skilled middle class trades jobs, such as teaching, plumbers, nursing etc but not enough people trained to take those jobs.
The cost v benefit analysis to the lower to middle class of a company like amazon moving into into an already high cost of living w plenty of lower to middle wage jobs is dubious at best....largely due to the limited supply of affordable housing and already overloaded mass transportation system.
Communities turning down big corporations isn’t inherently stupid. It’s called the Walmart effect whereby many cities have turned down incentivizing Walmart from moving into due to Walmart wiping out local Mom and Pops businesses. Cities have also turned down highly subsidized football stadiums despite the promise of thousands of jobs stadiums may bring. Additionally, communities have also turned down some large developers who plan to turn a dying mall into the next Live-work residential-commercial village.
Proponents who laud Amazon’s setting up camp in NY are primarily looking at the benefits/income side of the equation but who is tabulating the costs side of the equation to the average NY residents?
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Let's start over.
New York currently gets NOTHING from Amazon for a potential facility, nor are there 25,000 people earning a living and paying New York taxes. No money for AOC to spend on teachers or anything else....there is NO money yet. Not sure how stupid people can be....AOC...there is NO $3 billion for stupid you to spend.
If Amazon came, they were going to create 25,000 job and they would not be required to pay certain taxes (the $3 billion) for a period of time. New York never had that money and won't for the duration of the agreement. Of course AFTER that time, Amazon will be paying its normal share of taxes.
But New York gets 25,000 jobs, many NEW people coming to the City who will be paying taxes, renting or buying homes, eating in restaurants that pay sales tax, buying goods and services that are taxed. Additional support services like cleaners, restaurants, etc, might need to be added to be able to support the addition of more people who actually have jobs and those businesses pay taxes.
New York doesn't pay ANYTHING and gets a whole bunch of revenue it never had. But hey, politicians don't take economics classes.....
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2small4porn.
Football stadiums generate minimum wage jobs mostly.
Amazon is saying the average salary will be $150,000.
Unemployment rate in New York City is currently at around 4.0%
This was not a distribution center...this was a second corporate headquarters....
New York whiffed on a tech company moving tech and white collar jobs into their city....not minimum wage low skilled positions.
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The sad part is that AOC has a degree in Economics! I'm not kidding I checked out her background. And she is actually quite intelligent (graduated cum laude) so go figure how someone that smart could be so dumb. I guess when you become a politician you get a free lobotomy.
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Either Boston University should have their accreditation revoked or she wasn't paying attention to anything she learned in class....or her instructors are as stupid as she is....
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I gotz some Fromunda for you my man 
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That’s not Fromunda......
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Charlie Munger on HQ2: Driving the rich people out is pretty dumb if you're a state or a city'
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