191–200 of 281 posts
I have heard some crazy claims that New York doesn't need the jobs as it has 4.5% unemployment rate.
Every job that could have been created in New York but didn't is a lost job.
It's not complicated at all.
> The livability crisis that’s currently afflicting Seattle and San Francisco is evidence of how cities need to be careful what they wish for when it comes to the explosive growth of technology companies (and the attendant wealth that comes with it) in their metropolises. Let me get this straight, New Yorkers should view Seattle and SF as cautionary tales for what happens when high-paying jobs arrive in a metropolita…
Simply the rate of change/growth, and the pressure it places on cities and long-time residents, are valid reasons for caution. You imply that these issues are easily solved, if people like NIMBYs "simply" change their mindset. But history shows that mindset-change is a slow and stressful process. Cautionary tales are a chance to study such issues, and find solutions, or at least strategies -- something that govt is u…
I don't see the argument in what you are saying.
> The livability crisis that’s currently afflicting Seattle and San Francisco is evidence of how cities need to be careful what they wish for when it comes to the explosive growth of technology companies (and the attendant wealth that comes with it) in their metropolises. Let me get this straight, New Yorkers should view Seattle and SF as cautionary tales for what happens when high-paying jobs arrive in a metropolita…
What are Seattle's issues, caused by, then? Because if you look at the Seattle city skyline, you'll find it absolutely covered in cranes. This town of 700,000 people, in a state of 7 million people, has more active cranes then any other city in North America.
It's a construction free-for-all here. And I consider that a good thing - but clearly, its not enough to keep me from having to step over human shit on my way to work.
We also have no rent control, no proposition 13, we aren't surrounded by water on three sides, and our suburbs are actually developing - so you can't blame those boogiemen, either.
But we do have an explosion of incredibly well-paid tech professionals... With the only thing trickling down to normal people being rent increases.
Earlier quoted context omitted.
I am familiar with the concept of a loss leader, but that has nothing to do with what was happening here. Giving someone a discount on taxes doesn’t mean they don’t pay taxes, or, as your original comment and the tweet you linked to implied, that they were simply handing Amazon $3 billion in cash that was sitting in the bank and can now be diverted to random government projects designed to invent jobs. The $3 billion…
It effectively reduces to the same thing if amazon's presence means that other businesses in the same sector/local area aren't don't exist. There is no shortage of business and people in the sectors Amazon is a part of in NYC, and coming to NYC.
In no way is it the same thing. This comment and the tweet he linked to indicate that they believed the money was being paid to Amazon soon, and that because Amazon has backed out, that money can now be spent on government projects. That is just factually incorrect. The money does not and will not exist - it was an estimate of tax savings had the deal gone through.
Earlier quoted context omitted.
Unfortunately people who misunderstood Amazon wasn't being gifted $3B includes the recently elected congressperson for the area: https://mobile.twitter.com/qtrresearch/status/10961811573167... EDIT: Congressperson for an adjacent area, not for that area.
You see this a lot because conservatives have a hate-on for AOC, but she's not the congressperson for the area Amazon were building in. Queens has a lot of congressional districts. She also had very little to nothing to do with the decision, but again, you wouldn't know that from watching the conservative commentary.
Earlier quoted context omitted.
New construction of expensive high end apartments help lower the prices on other units. Wealthy people will move there rather than driving up prices on dilapidated brown-stones. Its kind of how the average new car price is 30k, which is off limits for many Americans. But the new car inventory drives down the price of older models.
The problem is likely more rooted in wealth inequality. As a smaller group of wealthy individuals control a larger portion of the nation's wealth, they will inevitably acquire all sorts of investments (stocks, real estate, etc) driving prices up. If there weren't luxury multi-million dollar apartments to buy, they'd be buying the brownstones anyways. And given that the multimillion dollar units sit on the market far…
Poor or average people buy a house in order to save money on rent. Rich people don't care about that amount and can easily get their stuff moved with company money. They recover the rent vs mortgage cost via increased flexibility.
> The livability crisis that’s currently afflicting Seattle and San Francisco is evidence of how cities need to be careful what they wish for when it comes to the explosive growth of technology companies (and the attendant wealth that comes with it) in their metropolises. Let me get this straight, New Yorkers should view Seattle and SF as cautionary tales for what happens when high-paying jobs arrive in a metropolita…
I've seen quite a few takes suggesting NYC will be transformed by the sudden arrival of high earners, like the Seattle city councilors who went to NYC to warn the city about their mistakes.[1] Whatever Amazon's merits, the specific arguments seem ludicrous. Seattle lawmakers talked about how Amazon took up 20% of the city's office space. That was 45,000 workers in a city of 730,000 (6%), and a metro area of 3,800,000…
New Yorkers are sick and tired of mega corps getting tax breaks to fiddle the tax system while their infrastructure suffers even more. Perhaps if Amazon contributed the $5b they would 'save' on NYGC subway improvements then the people would be more favorable to them being in LIC. But, nadda.
Earlier quoted context omitted.
It doesn't matter how much money Amazon got as it's the perception of the fact they are getting a tax break which is why it's shocking. Amazon isn't some two-bit startup which has no VC funding. It's the richest company in the world so why the heck do New Yorkers need to hand over their cash to bring them the Queens?
“It is a dark day when small retailers in NYC are denied the opportunity to pay the expenses of their largest competitor.” https://philip.greenspun.com/blog/
> The livability crisis that’s currently afflicting Seattle and San Francisco is evidence of how cities need to be careful what they wish for when it comes to the explosive growth of technology companies (and the attendant wealth that comes with it) in their metropolises. Let me get this straight, New Yorkers should view Seattle and SF as cautionary tales for what happens when high-paying jobs arrive in a metropolita…
Well it does have 10x the population so you'd expect around 10x the number of high paying jobs.