Earlier quoted context omitted.
> I see this as a continuation of that You may have to explain how middle class would have benefited from the data centers. It's not clear to me at all how the moratorium is "a disaster" for the middle class.
There is huge amounts of construction costs on these things and electrical work as well. The general rule is 50% or more of construction in NYC goes toward labor, so that drives up wages for local talent. Obviously any given project is temporary but it seems like there will be a multi year build out so lots of projects. There is then the secondary effect of skilled labor like machining and manufacturing parts for the…
I can't erect, say, an Amazon SWE office in the middle of bumfuck nowhere. How will I get:
- Talent for my office? - Food, shelter, and creature conveniences for my workers? - Culture for my workers? - Entertainment and nightlife for my workers? - and on and on
Turns out DCs need like... none of that. Which is why we just put them anywhere, it seems, and we don't build them in downtown Seattle or Manhattan. But we do certainly put offices in Seattle and Manhattan.
Also, while the DC itself takes some local capital to build, both labor and materials, everything inside the DC is imported. We don't use skilled workers to build GPUs for the DC right, we just buy nvidia.