Did Amazon Just Kill 25,000 Jobs in NYC?

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The company released its statement saying that for the company to grow, it is important that local politicians and state cooperate and support them for long-term.

Rep. Alexandria Ocasio-Cortez (D-N.Y.) was among the prominent opponents who raised objections to the almost $3 billion in government incentives Amazon had been given to locate in Queens.

The comments came from those in the area that has branded itself National Landing, an amalgamation of Arlington and Alexandria neighborhoods that was the other victor in Amazon's sweepstakes past year to award massive new campuses.

The love notes came even though Amazon said it doesn't plan to pick a new city to replace NY, where the HQ2 project was supposed to produce 25,000 jobs.

"The labor market is as strong as it ever has been", said Mark Zandi, chief economist for Moody's Analytics. "I don't think it's worth the effort". But more and more, tolerance and diversity are not just highly valued by businesses, but mandatory. But doesn't the fact that Amazon picked NY and a D.C. suburb in the first place tell you anything, Governor Parson?

The decision has also generated fresh debate about the rich tax-breaks and public funding that municipalities routinely throw at companies to lure their business and the jobs they bring with them. The unemployment rate in Baton Rouge matches the national average.

The Foxconn deal is still going ahead, even though it's not clear exactly what the company will eventually produce on the Wisconsin site.

According to Andrew Cuomo, New York Governor, the deal would have earned $27 billion of revenue in exchange for incentives package of just $3 billion. Furthermore, the agreement was structured to give locals nearly no say in what would happen. "It definitely wasn't the huge political plus he thought it would be". City Council Speaker Cory Johnson refused to meet, insisting instead on the charade of a toothless public council hearing at which Amazon executives sat impassively as they were grilled, allowing Johnson and others like council member for Queens Jimmy Van Bramer to save face with their constituents.

Amazon seemed shocked that the masses were not doing cartwheels in the streets after it selected the Long Island City neighborhood for a new complex to employ 25,000. "If they know HQ2 isn't coming, there is no real cost to doing this", Jensen said. "But Amazon is unique". And Nashville's offer didn't come with some of the attention-grabbing perks that New York's did.

In the case of NY, there was also concern about straining infrastructure, such as subway lines, and driving up the price of already expensive real estate.

However, Ocasio-Cortez on Twitter questioned the validity of the jobs figure and pointed to a report that Amazon will pay zero federal income tax in 2018, despite $11 billion in profits.

Seattle-based Amazon captivated elected officials across North America in September 2017, when it announced it would create more than 50,000 jobs in a second headquarters dubbed HQ2.

One effect is that in an era of heightened concern about economic inequality and excessive corporate power, it will be harder than in the past to justify offering huge subsidies to wealthy companies as NY proposed for Amazon.

Tusk, however, remains fairly optimistic about the future of tech in NY, but he admitted that losing 25,000 jobs is a major setback for the city. "We could have made a powerful connection to people who really need these jobs and I'm sorry to lose this opportunity".

The company was reportedly able to make a relatively painless exit from the city as it had not yet signed any binding contracts to construct the headquarters. It doesn't have alfalfa fields at the edge of town on which to build a corporate complex that would little change the lived experience of the locals.

He continued, "It's going to be the ruination of NY if the progressive left is allowed to dominate the party".

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