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RESUME ETC. BLOG

Alfred Mariani, February 19 2019

How does the Amazon decision impact the NY economy?

The loss of 25,000 jobs has a negative trickle down affect. First, 25K jobs times an average of $50k per job is $12,500,000 K is income that would have been taxable by NY State and NY city, money needed by both governments. Second, 25k people would have contributed to consumer spending in many ways including tolls, subway fees, shopping at local businesses etc. Finally, If any of these 25k people were receiving state and/or city benefits, it would result in a cost reduction for both governments. In general, the loss of Amazon setting up a major Hub in LI city would have contributed greatly to the local economy. 


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Written by

Alfred Mariani

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