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I think that there really was likely to be a net benefit to New York for the deal, if not the city than at least for the citizens (and even then probably close
by kbenson 8y ago
I think that there really was likely to be a net benefit to New York for the deal, if not the city than at least for the citizens (and even then probably close to break even based on roundabout increases in city income). Apparently there's often a "local multiplier"[1] for good paying jobs like this that enter an area, in this case approximately 5 more jobs per high-end worker to service the area in general through meal delivery, wiring, elevator repair, etc.
This was all covered in a Planet Money episode[2], so you can listen/read it and make your own decision, but if it's true, it seems a shame that New York was denied what should be a favorable outcome because of FUD, spite for Amazon/Bezos because they are large, or some combination thereof.
1: https://eml.berkeley.edu/~moretti/multipliers.pdf https://eml.berkeley.edu/~moretti/multipliers.pdf (Note: I haven't read this, but I tracked down the most likely source for the reference as I got it from [2])
2: https://www.npr.org/templates/transcript/transcript.php?storyId=674275651 https://www.npr.org/templates/transcript/transcript.php?stor...