Hacker News Reader

Comment by giarc | Hacker News Reader

That $10 billion likely assumes all new staff. There are going to be many current NYC citizens who simply switch jobs to Amazon. Therefore they won't contribute any incremental tax increase. Only if their previous employer rehires their position will a net new position be created.

View on HN

I find it hard to believe that 25,000 people are moving jobs and their previous employers are saying "we're not replacing them."

Assuming the economy stays on a decent trajectory.

But even then, there's probably some inefficiency in that replacement.

Most will be replaced, and most of the replacements will also be locally sourced.

Company A creates a “new” job. They hire an employee of Company B, who in turn poaches a replacement from Company C, and so on.

It’s fair to assume that some hires will be new arrivals to NYC, and some might come from the pool of unemployed. Most will have simply hopped from one employer to the next, replacing one job opening with another.

I never said 25,000 people would be from neighbouring companies, just that a non-zero percent would be from the area already. So they aren't going to contribute incremental tax increases.

Why wouldn't the previous employer rehire though? Unless the employee is someone who was just sitting around and not contributing to the company.

Unemployment is ~3% and Amazon comes in and sweeps up all the available (and non available) tech employees in the area. They may want to hire, but can't.

> There are going to be many current NYC citizens who simply switch jobs to Amazon. Therefore they won't contribute any incremental tax increase.

How about for tech workers to get a raise? Or to move to a different part of the city? And besides, this is just conjecture. Do you have any data or polls or even anecdata which supports your claim?

Why would their tech sector employer not rehire for their position?

Labour shortage related to big new employer hiring everyone.

Reply on news.ycombinator.com