We don´ need no stinking jobs.
Posted on 02/14/2019 11:45:28 AM PST by COUNTrecount
*Boone, not No One. Blame my android for autocorrect.
Your calculate off by 3 orders of magnitude. 25K * 40K = 1B, not 1T.
My spelling is off by 3 letters and a missing word.
More new taxes...less big tax payers...rah rah siscoombah...socialism here we come! Wheeeeeeeee!
Hate money?
The deal was going to have the City pay $3B to Amazon for opening a facility there.
The City was going to pay $3B to Amazon for 25K low-wage jobs. Corporate cronyism at its worst.
NYC can attract its own jobs and doesn’t have an unemployment problem.
This is the one issue she has been on the right side of since she started her blabbing.
There was no real money to be exchanged. Tax credits are phantom money. The real value to the city/state is bumping 25,000 burger flippers and delivery boys into an actual tax-paying bracket. And those who earn enough to pay taxes tend to spend more in the RE and local consumer goods market.
Counting paid sick, vacation, babyleave and medical, an $11/hr job is valued at $17/hr. And $11/hr is the same as metro Calif.
Low-wage jobs are not career jobs; they are by definition entry-level. An open door to earn while building real and social skills required to increase a person’s market value and enable advancement to higher wages either within or outside of the original employer.
prevailing wages NY area:
https://www.minimum-wage.org/new-york/long-island-westchester-counties-minimum-wage
Burger flippers and delivery boys are not going to become Amazon coders.
The last thing Joe’s Mom & Pop store needs is another subsidy to Amazon. And that is indeed what such municipal tax credits are. They free a big company from having to pay the same crap that the little guys have to pay.
Machine language isn’t that hard. A MS systems engineer can be certified in less than 9 months and the entry-level basics can be learned as easily as programming Powerpoint or Excel - which just about every receptionist in America can do. Besides the 10 support people behind every coder, tech companies generally pay their employees’ cost for successful completion of coursework, including degrees (another silent boost to that $12/hr). Not going to get that from mom and pop.
Speaking of mom and pop - Amazon is about 70 percent ‘mom and pop’ retailers. Same as ebay. Same as all the shopping channels. Even WalMart and Sears have ‘associate partners’.
But back to the ‘low wage’ argument you posed - these were white-collar jobs, as opposed to the low-wage jobs over in Staten Island at the Amazon Fulfillment Center that nobody seems to be complaining about.
Now, if NY’ers, where btw, over 1M illegals live, want to rely on the banking industry the progressives are attacking, and the real estate industry the progressives are attacking, and the stock market that the progressives are attacking, to support their dying city, have at it. In the meantime, Tennessee is delighted:
“Cuomo and New York City Mayor Bill de Blasio had touted the benefits of Amazon’s HQ2, which included a pledge from the tech giant to create 25,000 jobs, paying an average of $150,000 per year in exchange for a slew of city and state tax breaks and subsidies worth up to $3 billion.
In addition to the 25,000 jobs, Amazon would’ve brought $2.5 billion in Amazon investment and eventually 8 million square feet of office space to Long Island City as part of its investment announced last November. The Seattle-based company said it would have generated “incremental tax revenue of more than $10 billion over the next 20 years as a result of Amazon
https://www.foxnews.com/tech/amazon-pulls-out-of-plan-to-build-new-york-city-headquarters’s investment and job creation.”
We don´ need no stinking jobs.
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