3 ms·
I think there’s a vague hope that when there are a bunch of people who get paid 200k in your city that it means there will be more people who get paid 50-100k..
by xt00 7y ago
I think there’s a vague hope that when there are a bunch of people who get paid 200k in your city that it means there will be more people who get paid 50-100k... the reality is more like there is a big increase in the amount of people who get paid like 20-50k.. people who do house cleaning, drive cars, child care, work at restaurants, coffee shops, etc.. and to a lesser degree some more teachers get raises and more teachers get hired.. people that get paid a lot in a built up city aren’t going to be effectively paying out of their salary more than a certain percentage of it to contractors and luxuries.. if you get paid 200k per year you can likely only afford to spend like 50k per year for things like buying a car or boat or upgrading your house. So if you have 20k amazon employees it means maybe you have around 5-10k people who benefit from them tremendously, and maybe 30k who benefit from them slightly.