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And yet cities and states are often in the business of luring large employers to their area, and tax advantage is almost always the bait. Everybody complains a
by bmelton 11y ago
And yet cities and states are often in the business of luring large employers to their area, and tax advantage is almost always the bait.
Everybody complains about sweetheart deals that so often go along with the seduction of an employer into their area, but almost nobody complains about the jobs. Perhaps in San Francisco the situation is reversed, but almost anywhere else is happy to accept your runoff, even if profitability isn't in the short term agenda.
More jobs means more people employed which in turn drives up employee competition, and hence wages, which equate to increased tax revenues and better quality of living.
I think that the stadium deals tend to be overboard, but not only is it not a net negative, it is at least more straight-forward plot than the backroom deals done as enticement for businesses.
- digikata 11y agoThe economic effects of stadiums are often put forward as positive during the 'deal' phase of placing them, but many studies have reported only a small positive or negative effect on economic activity. http://www.marketplace.org/2015/03/19/business/are-pro-sports-teams-economic-winners-cities http://www.marketplace.org/2015/03/19/business/are-pro-sport...
- st3v3r 11y ago"Everybody complains about sweetheart deals that so often go along with the seduction of an employer into their area, but almost nobody complains about the jobs" Probably because, in most cases, the amount that those jobs cost has not been worth it.
- draw_down 11y agoSo, did this defunct stadium inflate the job numbers in St Louis somehow, or am I misreading your comment?