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Alexandria Ocasio-Cortez slams Amazon’s imminent arrival in Queens
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a425couple
2018-11-20 19:39:34 UTC
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https://www.vox.com/policy-and-politics/2018/11/13/18091104/alexandria-ocasio-cortez-amazon-hq-2-queens

(How dare they bring good paying jobs here!!)

Alexandria Ocasio-Cortez slams Amazon’s imminent arrival in Queens
“Displacement is not community development.”

By Matthew ***@mattyglesiasmatt@vox.com Nov 13, 2018, 10:10am EST
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Alexandria Ocasio-Cortez at a rally in Detroit, Michigan on July 28,
2018. Bill Pugliano/Getty Images
New York’s 14th Congressional District Rep.-elect Alexandria
Ocasio-Cortez represents a number of gentrifying neighborhoods in Queens
(plus some not-so-gentrifying neighborhoods in the Bronx) that are
likely to see their housing markets affected by Amazon’s decision to
locate a large corporate branch office in nearby Long Island City.

And she’s not happy about it. Ocasio-Cortez posted a series of tweets
this morning denouncing the tax breaks involved in the deal and, more
importantly, questioning whether Queens residents will really benefit
from Amazon coming to Queens.

Alexandria Ocasio-Cortez

@Ocasio2018
We’ve been getting calls and outreach from Queens residents all day
about this.

The community’s response? Outrage.

The Wall Street Journal

@WSJ
Amazon will divide its second headquarters evenly between New York's
Long Island City and Arlington County's Crystal City neighborhoods.
Other cities may also receive major sites. https://on.wsj.com/2DzgUBZ

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8:40 PM - Nov 12, 2018
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Alexandria Ocasio-Cortez

@Ocasio2018
Replying to @Ocasio2018
Amazon is a billion-dollar company. The idea that it will receive
hundreds of millions of dollars in tax breaks at a time when our subway
is crumbling and our communities need MORE investment, not less, is
extremely concerning to residents here.

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Alexandria Ocasio-Cortez

@Ocasio2018
Replying to @Ocasio2018
When we talk about bringing jobs to the community, we need to dig deep:
- Has the company promised to hire in the existing community?
- What’s the quality of jobs + how many are promised? Are these jobs
low-wage or high wage? Are there benefits? Can people collectively bargain?

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Alexandria Ocasio-Cortez

@Ocasio2018
Replying to @Ocasio2018
Displacement is not community development. Investing in luxury condos is
not the same thing as investing in people and families.

Shuffling working class people out of a community does not improve their
quality of life.

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Alexandria Ocasio-Cortez

@Ocasio2018
Replying to @Ocasio2018
We need to focus on good healthcare, living wages, affordable rent.
Corporations that offer none of those things should be met w/ skepticism.

It’s possible to establish economic partnerships w/ real opportunities
for working families, instead of a race-to-the-bottom competition.

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Alexandria Ocasio-Cortez

@Ocasio2018
Replying to @Ocasio2018
Lastly, this isn’t just about one company or one headquarters. It’s
about cost of living, corps paying their fair share, etc.

It’s not about picking a fight, either. I was elected to advocate for
our community’s interests - & they‘ve requested, clearly, to voice their
concerns.

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This characterization of the relationship of tax breaks to subway
funding is somewhat misleading. (These kinds of deals increase the city
and state tax base on net, even if Amazon gets a sweetheart deal
relative to the tax rates on paper.) But the point about housing impacts
is solid and supported by research.


As I wrote last week, a big influx of Amazon jobs would be a boon for a
certain class of metro areas (mostly located in the Midwest) that have
underutilized infrastructure and physical housing stock whose current
market price is well below replacement level. But New York City is not
like that at all, so the impact on New Yorkers is likely to be decidedly
ambiguous.

What Amazon means for New York
From the get-go, the lure of HQ2 has been the promise that Amazon would
bring 50,000 jobs to town with an average salary of $100,000 or more.
Even the slimmed-down version of the plan offering more like 20,000 jobs
is still a reasonably big deal.

And it’ll mean higher incomes both for New Yorkers who get jobs at
Amazon and also for New Yorkers who plausibly could get jobs at Amazon
and thus gain more leverage to demand higher pay at work. But higher
incomes could also mean higher prices for scarce goods — most of all
housing.

More than a decade ago, housing economists Janna Matlack and Jacob
Vigdor investigated the economic impact of unequal economic development
and found that “in tight housing markets, the poor do worse when the
rich get richer.”

A “tight” housing market — in this case, is a market like greater New
York or greater Washington, DC — the cost of buying a house greatly
exceeds the actual construction costs of new buildings. The problem in
markets like this is that when the rich get richer — say because a new
office complex opens and hires 20,000 to 30,000 people for six-figure
salaries — the price of scarce housing rises.

This is, however, not an inevitable consequence of the rich getting
richer. Matlack and Vigdor find that in housing markets that are “slack”
— a.k.a. where there is either plenty of existing housing or it is easy
to build new homes so that sale prices approximately equal construction
costs — there are spillover benefits.

In a slack market, the new rich people don’t impact rents very much, but
their presence creates new working-class job opportunities. In the right
location, in other words, a big new Amazon office park could be a boon.
And if greater New York City had the right housing policies, a big new
Amazon office park could be a boon. But the city doesn’t have either.

America can do better than this
The economically optimal fix for this kind of problem would be for New
York City and, importantly, surrounding suburbs to take steps to make
its housing markets less tight.

Some of that would be investment in infrastructure like the proposed
Triboro RX subway line and subway extensions on Utica and Nostrand
Avenues and upgrading New York’s fragmented MetroNorth, LIRR, New Jersey
Transit, and Staten Island Railroad systems into a unified regional rail
system like the RER in Paris or the S-Bahn in Berlin or Munich.

But a lot of it would be housing. New York City imposes minimum parking
requirements on the vast majority of the city, raising construction
costs and decreasing the number of available units. It’s also allowed
wealthy residents of the Upper West Side, Greenwich Village, and other
prime neighborhoods to completely exclude new construction which pushes
gentrification pressure onto lower-income neighborhoods.

And in the outer boroughs, white residents have often mobilized to
influxes of immigrants by demanding and receiving downzonings that
prevent new housing from coming into some of the few remaining truly
affordable neighborhoods.

Meanwhile, some of New York’s suburbs — especially, though by no means
exclusively, on Long Island — perpetrate some of the most viciously
exclusionary practices anywhere in the country, which pushes
affordability problems into the city.

Fixing this would require real leadership from state government to
overcome a wide range of local objections and picayune interests. But
theoretically it could be done and would refashion Greater New York into
an even greater, much richer, but also more equal city.

Alternatively, the federal government could try to step in and take a
less laissez-faire attitude toward these big corporate relocations. When
the Amazons of the world get cities to engage in bidding wars against
each other for prime office locations, the upshot is almost
inevitability that rich cities end up attracting even more high-end jobs
while rich companies end up attracting subsidies.

A different strategy would be to try to deliberately direct this kind of
investment to places like Cleveland, Detroit, or St. Louis that are way
below their historical peak populations and where this kind of influx of
new jobs and money would be more of a win-win.

IN THIS STORYSTREAM
Amazon’s HQ2 headed to Arlington, Virginia, and Long Island City, New York
SNL explains Amazon’s HQ2 strategy: to troll President Trump
Alexandria Ocasio-Cortez slams Amazon’s imminent arrival in Queens
The tragedy of Amazon’s HQ2 selections, explained
William Elliot
2018-11-22 05:14:21 UTC
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Post by a425couple
https://www.vox.com/policy-and-politics/2018/11/13/18091104/alexandria-ocasio-cortez-amazon-hq-2-queens
(How dare they bring good paying jobs here!!)
Only because they'll bring highly paid workers with them.
Clave
2018-11-22 06:15:11 UTC
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Post by William Elliot
Post by a425couple
https://www.vox.com/policy-and-politics/2018/11/13/18091104/alexandria-ocasio-cortez-amazon-hq-2-queens
(How dare they bring good paying jobs here!!)
Only because they'll bring highly paid workers with them.
Not really the blessing it sounds like.
William Elliot
2018-11-23 04:23:52 UTC
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Post by Clave
Post by William Elliot
Post by a425couple
(How dare they bring good paying jobs here!!)
Only because they'll bring highly paid workers with them.
Not really the blessing it sounds like.
A 4 billion take is a petty swindle for a trillion dollar company.

How many people did Amason have to pay off?
Al Czervik
2018-11-24 16:42:00 UTC
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Permalink
Post by Clave
Post by William Elliot
Post by a425couple
https://www.vox.com/policy-and-politics/2018/11/13/18091104/alexandria-ocasio-cortez-amazon-hq-2-queens
(How dare they bring good paying jobs here!!)
Only because they'll bring highly paid workers with them.
Not really the blessing it sounds like.
Skyrocketing home prices is a bitch.


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