Quote:
Originally Posted by Parallex
... I'll take the 50,000 jobs paying an average 100K per year thanks. It's not even close actually.
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Have you researched the issues that arise from this many people coming to town making that kind of money, I have and it isn't exactly pretty.
Because of the competition for rental properties, and condo/apartment purchases they change the market for local people who are unable to afford the price increases. Along with the price increases comes property tax increases because of the increase in values. It all sounds good but can really be a huge negative for certain parts of the local populace.
Traffic alone has changed to the negative in Seattle by a factor of 200% according to reports (and family related conversations) because of Amazon's office that was constructed there. These numbers will be comparable to Silicon Valley where regular citizens can no longer afford to live, ask them how the standard of living is doing.
And if you think that the City of Calgary is getting everything from Amazon without giving up BILLIONS of dollars over the years in incentives you will be mistaken.