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It seems to me that discussions of "job creation" often neglects to account for what these jobs replace. Amazon is master of operational efficiency. It's very l
by sorenbs 10y ago
It seems to me that discussions of "job creation" often neglects to account for what these jobs replace. Amazon is master of operational efficiency. It's very likely that Amazon hiring 100K new people will lead to other companies laying off a total significantly greater than that. This is progress and should be celebrated for sure, but first we need to acknowledge this fact.
- exclusiv 10y agoI listened to an interesting podcast recently about the wars between Kansas and Missouri near the state line. They'd offer incentives and try to lure companies with tax breaks. Many companies would move, often several times back and forth. Anyway, the states would tout "new jobs" when they won but wouldn't talk about the ones they lost. The jobs weren't new at all either. Turns out that all the effort both states put in basically came out to a wash so both states were trying to setup a truce to avoid poaching and having to keep offering incentives.