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That $10 billion likely assumes all new staff. There are going to be many current NYC citizens who simply switch jobs to Amazon. Therefore they won't contribu
by giarc 8y ago
That $10 billion likely assumes all new staff. There are going to be many current NYC citizens who simply switch jobs to Amazon. Therefore they won't contribute any incremental tax increase. Only if their previous employer rehires their position will a net new position be created.
- slimed 8y agoWhy would their tech sector employer not rehire for their position?
- giarc 8y agoLabour shortage related to big new employer hiring everyone.
- vthallam 8y agoWhy wouldn't the previous employer rehire though? Unless the employee is someone who was just sitting around and not contributing to the company.
- giarc 8y agoUnemployment is ~3% and Amazon comes in and sweeps up all the available (and non available) tech employees in the area. They may want to hire, but can't.
- cddotdotslash 8y agoI find it hard to believe that 25,000 people are moving jobs and their previous employers are saying "we're not replacing them."
- Fomite 8y agoAssuming the economy stays on a decent trajectory. But even then, there's probably some inefficiency in that replacement.
- BonesJustice 8y agoMost will be replaced, and most of the replacements will also be locally sourced. Company A creates a “new” job. They hire an employee of Company B, who in turn poaches a replacement from Company C, and so on. It’s fair to assume that some hires will be new arrivals to NYC, and some might come from the pool of unemployed. Most will have simply hopped from one employer to the next, replacing one job opening with another.
- giarc 8y agoI never said 25,000 people would be from neighbouring companies, just that a non-zero percent would be from the area already. So they aren't going to contribute incremental tax increases.
- vdnkh 8y ago> There are going to be many current NYC citizens who simply switch jobs to Amazon. Therefore they won't contribute any incremental tax increase. How about for tech workers to get a raise? Or to move to a different part of the city? And besides, this is just conjecture. Do you have any data or polls or even anecdata which supports your claim?