Quote:
Originally Posted by Catlady
Some of you seem to be using the same faulty logic that AOC and other Amazon opponents did--framing the story as NYS and NYC handing over $3 billion that now can be used for something else.
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Well, my logic is that other companies, more committed to New York City than Amazon (for example, publishers!), will demand and get their own corporate welfare. The amount lost by publicizing willingness to pay corporate welfare indeed isn't $3 billion. I fear it is more.
Quote:
Originally Posted by Ralph Sir Edward
New York City has been "hollowing out" for decades. Check the number of Fortune 500 companies who have left versus those that have moved to NYC.
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There has indeed been a regression to the mean in term of number of corporate headquarters per NYC capita.
But as for hollowing out:
Detroit has been hollowing out.
Philadelphia, alas, has been hollowing out.
New York City population is at a record high.
New York Public Library Overdrive - 148,258 eBooks (43,123 per million residents)
Brooklyn Overdrive - 128,945 eBooks (48,677 per million residents)
Philadelphia Overdrive - 29,264 (18,510 per million residents)
And, just sayin':
Houston Overdrive - 42,035 (18,173 per million residents)
This isn't the only metric to tell if a city is prosperous, but it's a good one one I like
