Maybe some context would be appropriate. New York has been trying to diversify beyond finance for a long time. The cost per employee is amortized, as stated by

Maybe some context would be appropriate. New York has been trying to diversify beyond finance for a long time. The cost per employee is amortized, as stated by others, but it’s almost moot — as if it were a hedge. Amazon has a rep for not retaining many of its engies beyond a year or two. Perhaps the hope is that those folks will go on and bootstrap a real startup economy. NY already has a Google and FB office. Two is interesting but three and you start to have a pattern. If you ask me, it’s worth the bet. $1-2B is cheap change on this level of macroeconomics.