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LIC and the rest of the broader NYC region has been undergoing gentrification for many years now, and Amazon probably would not have had much impact on that. A
by betterunix2 8y ago
LIC and the rest of the broader NYC region has been undergoing gentrification for many years now, and Amazon probably would not have had much impact on that. Amazon's vertical integration will impact local businesses regardless of where they place their offices. The reason New Yorkers are not going to suffer is that there are tons of jobs in NYC and numerous big corporate offices. This is probably one of the most overblown issues in NYC politics that I can remember.
- nihonde 8y agoTrue about LIC already undergoing gentrification. But it’s still kind of affordable, at least to young white collar workers who are priced out of Manhattan or the expensive parts of Brooklyn. Amazon execs are paid big bucks. My friends who work there left behind multi-million dollar salaries without missing a beat. Having that kind of money fall into a developing area would ensure that even the baby bankers and lawyers were sent packing to the Bronx or Newark or wherever.
- trizzak 8y agoI’d be pretty surprised if a large percentage of those 25,000 jobs were going to have million dollar salaries. And who is to say that the handful that might have income that high would live in LIC, as opposed to a neighboring area.