Quote:
Originally Posted by Parallex
Of course they won't all be 100K jobs... I don't think anyone thinks the Amazon janitors & admin assistants would be making 100K. It's 50K jobs that wouldn't otherwise be here... the decrease in labour supply will increase wages as companies compete for hires in a more limited labour pool.
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Here's my rub.
If you are telling the bidding cities that they will see 50,000 jobs at ~100K you give the impression there will be a huge economic impact. That many people working at above average salaries would have a huge impact on the local real estate, restaurants, etc.
This sounds awesome and is what municipalities are clamoring for.
But
If one person is making 500k and 10 are making 50k, the impact is considerably less. Those 10 have limited disposable income and will have a minimal effect on the local economy. Buddy making 500k is banking at least half of it, which has 0 positive effect on the local economy.
This sounds pretty meh and isn't worth selling your future for.
At the end of the day it's a lot of jobs and should be a good thing as long as the incentives are balanced. 7B in incentives seems ridiculous.