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Do you think 25,000 positions are going to disappear from the rest of the local economy? New York City's population growth from 2010-2017, without Amazon, ave
by closeparen 8y ago
Do you think 25,000 positions are going to disappear from the rest of the local economy?
New York City's population growth from 2010-2017, without Amazon, averages out to 64k/year [0]. Adding 25,000 humans to New York is an entirely ordinary and expected occurrence that's been playing out every 4.5 months, not some sort of outrageous hypothetical.
[0] https://www1.nyc.gov/site/planning https://www1.nyc.gov/site/planning
- BonesJustice 8y agoNo, I don’t think 25,000 positions will disappear. I think many previously filled positions will become unfilled as those employees get hired by Amazon. Obviously, many (most?) of those positions will in turn be filled by someone else (and so on). But because of a strong preference to hire locally, that imbalance tends to ripple through the local labor market for some time before enough new labor is brought in to cancel it out. Point is, dropping 25,000 “new jobs” into the local economy does not result in an automatic gain of 25,000 new taxpayers, so acting like it’s an automatic $3.75 billion in net new taxable income is just absurd. Eventually it may get close to that number, but there will be a significant lag before it gets there.