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Jeff Bezos Is Now Worth Over 0 Billion Jeff Bezos Is Now Worth Over 0 Billion

02-17-2019 , 10:47 PM
Quote:
Originally Posted by aoFrantic
From "teachers are well paid" to "how can NY be competitive in attracting businesses?"

Truly some of the worst takes I've ever seen.
Entry level NYC teachers with a master's degree and no prior experience make $63751. After 5 years they make $83473. They also get excellent benefits including a pension. This is for 10 months a year. They can make more with summer hours, additional education credits, etc.

I never said they were rich, I said they make a solid middle class living. Which they do. All 3 of my sisters are public school teachers, 2 in NYC. The health benefits alone are worth a lot. There are others in NYC honestly struggling to feed themselves, not sure why teachers are always trotted out as an example of oppressed workers.
02-17-2019 , 10:51 PM
Also not sure why "NY needs to compete with other states for business", is considered a crazy statement, but whatever.
02-17-2019 , 10:53 PM
I can confirm NYC teachers' health plans are baller. It's better than what top law firms, accounting firms, and investment banks were offering me.

Teachers in a lot of places (Oklahoma comes to mind) are definitely in the oppressed/underpaid/undersupported category of workers. NYC is not one of those places.
02-17-2019 , 10:53 PM
Teachers in NY make less than most Canadian provinces the exceptions being the ones with cost of living that parallels North Dakota.
02-17-2019 , 11:00 PM
NYC salary schedule.
https://www.schools.nyc.gov/docs/def...2f6c523866448f*

Toronto salary schedule (I assume this is in CDN, which is about 0.75 of a USD)
https://ett.ca/salary-grid-for-tdsb-...tary-teachers/

I also found this article:
https://www.thestar.com/yourtoronto/...udy-finds.html

15 years in Canada to get to 65k. 15 years in NYC system gets you 87.9 to 102k.

Unless you're telling me Toronto is an outlier and Canada average is somehow dragged down by a lot of North Dakota like provinces, it is incredible to me NYC teachers make less than most of their Canadian counterparts.

*basically nobody makes base in the NYC DoE system after a few years. The additional credits are fairly easy to get. It's basically a couple thousand dollars over the summer attending classes at a local college (over 1 to 4 summers, depending on which step you're trying to get) and then get a permanent raise worth 2-6k a year.

Last edited by grizy; 02-17-2019 at 11:05 PM.
02-17-2019 , 11:06 PM
Quote:
Originally Posted by Chips Ahoy
Black democrats are more moderate than white democrats therefore they prefer moderate candidates is wrong. For white democrats, the linear scale (left, right) involves various economic and social issues. As a for example, Bernie is fairly left on economic issues so he's left in the white point of view. Many white democrats don't weigh anti-black white supremacy heavily in their evaluations. Quite a few think white supremacy was defeated in the 60s or never existed. Some think it's a symptom and will go away with good economic policies. A few lump it in as one of many general social issues.

Black voters don't have the luxury of ignoring or denying white supremacy. They live the reality. I imagine that a key question for black voters is:

* does this politician deny or diminish white supremacy?
* Is there any chance they will fight against white supremacy?


These questions will be important for black voters whether they are otherwise liberal or conservative, and the questions are independent of whether the candidate is otherwise liberal or conservative. Hillary Clinton scored well on these questions. The Clintons made a point to know black people, to be seen with them, to listen to them -- long before Bill ran for president. Bill Clinton is comfortable in black spaces in a way other white politicians just aren't. On the other hand, Bernie prioritizes class over race. That's an answer which makes whites happy and blacks rightly suspicious; he has a problem with the first question.

Every candidate gets their own shot at these questions. Being a black candidate buys a presumption of credibility, but that can be lost. Likewise it doesn't take much for a white candidate to pass the test, although very few do. Beto O’Rourke scored great in his Senate campaigns.

Getting black support is obviously more complicated than just opposing white supremacy, but if you want a simple rule of thumb that's a whole lot better than 'be moderate'.
gtfo with "rightly suspicious"
02-17-2019 , 11:06 PM
Quote:
Originally Posted by revots33
...protests from far-left activists like AOC.
(Left sure - far-left hardly - but the US center ground is so far to the right compared to Europe, say, that left/right labels are skewed anyway)

But regardless of that it wasn't her who got them to pull out - there were plenty of other knowledgable voices calling foul on the whole process as well - and some time ago.

More than 600 influential economists, urbanists, writers, and academics were of the same mind and signed a petition started over a year ago on change.org. (>16k signatures in all).


Support a Non-Aggression Pact for Amazon's HQ2

Quote:
To Elected Officials and Community Leaders of Amazon HQ2 Finalist Cities:

We, the undersigned, represent a broad range of urbanists, urban economists, policymakers, and experts on cities. Some of us are more liberal and others are more conservative. Some of us take a stronger position against the use of incentives; others believe incentives can be used within some reasonable bounds and limits. All of us believe that business activity and private sector competition help to drive vibrant urban economies by providing jobs, spurring innovation, and generating demand.

But, we share a concern about the level of incentives and the looming competition between cities over incentives for Amazon’s new headquarters.

Tax giveaways and business location incentives offered by local governments are often wasteful and counterproductive, according to a broad body of research. Such incentives do not alter business location decisions as much as is often claimed, and are less important than more fundamental location factors. Worse, they divert funds that could be put to better use underwriting public services such as schools, housing programs, job training, and transportation, which are more effective ways to spur economic development.

While we are supportive of Amazon’s quest to build a new headquarters, we fear that the contest among jurisdictions—cities, metro regions, states, and provinces—for this facility threatens to spiral out of control. Already, at least four jurisdictions have proposed multi-billion-dollar incentive packages. This use of Amazon’s market power to extract incentives from local and state governments is rent-seeking and anticompetitive. It is in the public interest to resist such behavior and not play into or enable it.

We urge you the mayors, governors, and other elected officials, as well as economic developers and community leaders, of Amazon HQ2 finalist cities, to put an end to such an imprudent policy.

To do so, we call upon you to forge and sign a mutual non-aggression pact that rejects such egregious tax giveaways and direct monetary incentives for the Amazon headquarters.

States, cities, and metropolitan regions should compete on the underlying strength of their communities—not on public handouts to private business.
I haven't seen this posted here and thought it was quite succinct in highlighting the problem many have with the process Amazon used.
02-17-2019 , 11:16 PM
It's a coordination problem.

Unless every mayor takes a moral stand, almost certainly at the expense of his/her constituents, you aren't going to get the desired result of lowering the amount of subsidies companies like AMZN end up getting. We know this because obviously hundreds of mayors declined to sign that non-aggression pact.

You need federal regulation here. US would not be the first one to put limits on incentives that municipalities can offer to businesses. I'd be 100% supportive of some reg that says: "no muni bonds/guarantees on debt. no direct payments (but abatements are okay... no benefit if no jobs). no abatements beyond 10x years. (so you don't get cities to sign some stupid permanent contract)" Something along those lines I think are very much needed to make sure we as a society extract more of the positive externalties when someone like AMZN comes to town.

Actually I am not too worried about AMZN really because AMZN would bring so much positive externalties that NYC would have reaped a ton of benefits anyway. But when Hudson Yard development wanted to get billions from NYC to develop Hudson Yards and when Citi wanted billions to get an office tower in queens while actively trying to shift the jobs in those towers to India, I think we gotta look a lot closer.

But until that happens, elected officials like Gianaris are not acting in the best interest of their constituents when they chase AMZN out just because they couldn't take credit for the deal.

PS: one thing that bothers me about the "States, cities, and metropolitan regions should compete on the underlying strength of their communities" is you're basically telling some communities to die because there is no way they could compete.

Last edited by grizy; 02-17-2019 at 11:25 PM.
02-17-2019 , 11:23 PM
LOL @ Tesla jobs thing, anyone with two brain cells realizes they are a fraud and can't exist without taxpayer subsidies designed to "save the climate" which you guys love. Can't say I know anything about the Foxconn thing. And yea I agree subsidies/outright building of sports stadiums for billionaire owners is absurd.

Having said that, for all you progressives (is that what you are going with now?). Please reconcile the following two statements:

1)We need UBI as there will be no jerbs x years from now
2)We disagree with 25,000 jobs being created with no upfront investment and 10:1 return via tax subsidy.
02-17-2019 , 11:30 PM
Quote:
Originally Posted by grizy
NYC salary schedule.
https://www.schools.nyc.gov/docs/def...2f6c523866448f*

Toronto salary schedule (I assume this is in CDN, which is about 0.75 of a USD)
https://ett.ca/salary-grid-for-tdsb-...tary-teachers/

I also found this article:
https://www.thestar.com/yourtoronto/...udy-finds.html

15 years in Canada to get to 65k. 15 years in NYC system gets you 87.9 to 102k.

Unless you're telling me Toronto is an outlier and Canada average is somehow dragged down by a lot of North Dakota like provinces, it is incredible to me NYC teachers make less than most of their Canadian counterparts.

*basically nobody makes base in the NYC DoE system after a few years. The additional credits are fairly easy to get. It's basically a couple thousand dollars over the summer attending classes at a local college (over 1 to 4 summers, depending on which step you're trying to get) and then get a permanent raise worth 2-6k a year.
There are only 10 provinces. Starting in Manitoba is the same as NYC before conversion.
Ontario/BC/Alberta are all above NY.
Quebec/Regina a little below.

But 300k gets you a pretty nice place anywhere except AB/ON/BC.
02-17-2019 , 11:42 PM
Quote:
Originally Posted by aoFrantic
There are only 10 provinces. Starting in Manitoba is the same as NYC before conversion.
Ontario/BC/Alberta are all above NY.
Quebec/Regina a little below.

But 300k gets you a pretty nice place anywhere except AB/ON/BC.
SHow me. Toronto is in Ontario I am pretty sure and the teacher pay scale I found suggests they are paid well under what NYC teachers get paid. I also find it hard to believe Toronto would be paying less than rest of Ontario.

I found a bunch of grids and they look pretty similar to Toronto's.

This one for example.

http://dpsuoecta.ca/wp-content/uploa...7-Aug-2019.pdf

I don't understand the obsession with trying to show NYC teachers are underpaid. NYC, Chicago, and LA teachers are among the best paid in the country (and in the world). You don't need to insist they are underpaid to make the case that a lot of teachers in the USA are underpaid.
02-17-2019 , 11:42 PM
Quote:
Originally Posted by goofyballer
You, like Tien, seem pretty oblivious to any negative effects that a wealth of high-paying tech jobs might have had in the Bay Area over the last ten years.
You can't have it all. I already admitted rent will go up, same with home prices.

You can't have economic progress, high paying job opportunities and low rent.

Something has to give. Rent (and the environment) has been taking a beating for the last century in terms of affordability.

Its not going to go backwards. Might as well embrace economic progress and allow workers to have more opportunities at higher wages. There's not another way to get higher salaries.
02-17-2019 , 11:56 PM
Quote:
Originally Posted by Paul D
Lol, tien. The fact you don't understand economics and try to talk down to people is funny.

You still refuse to address how rising costs in rent is a good thing for people in LIC, or how 25k upper tech jobs help the actual people in LIC who don't have a job (not all of those jobs get filled by locals). You also haven't explained why there's a need for Amazon to get $3b for the project to begin with.

But hey, keep those lips puckered up for Bezos.
25 000 high paying jobs = bad. Yawn. Next.
02-17-2019 , 11:59 PM
I think there is an opportunity for a NYC politician to make this high rent situation the center of their platform.
02-18-2019 , 12:07 AM
Quote:
Originally Posted by goofyballer
Must blow your ****ing mind that all the wealth is somehow failing to TRICKLE DOWN to other parts of society in careers that thirty years ago could represent a stable life
Lol?

I'm not the one chasing away 25 000 high paying jobs and then complaining about why there aren't more stable upper middle class jobs.

You want companies to pay a living wage and when they offer to do so you chase them away!

A real mental pretzel you put yourself in.
02-18-2019 , 12:13 AM
Quote:
Originally Posted by Tien
You want companies to pay a living wage and when they offer to do so
BZZT. Those Amazon jobs weren't going to anyone currently struggling!
02-18-2019 , 12:20 AM
Quote:
Originally Posted by goofyballer
Except for anyone worried about paying rent in 2019, which I'm sure is no one
What do you think the Chinese people in Shanghai prefer. Before or after? Rent was cheaper though!

02-18-2019 , 12:22 AM
Quote:
Originally Posted by revots33
exactly what NY did, and it bought them protests from far-left activists like AOC.
No, it wasn't. From the Wiki article on Amazon HQ2:

Quote:
Amazon announced its plans to build a new headquarters in September 2017, saying that it would house 50,000 workers and spend $5 billion on new construction.[1] The corporation also invited governments and economic development organizations to give the corporation tax breaks and other incentives to entice it to their locality.
I'm not sure I see any fundamental distinction between this and "The corporation invited governments to make large cash payments to Jeff Bezos to entice it to their locality". Why should the government be allowed to make quid pro quo deals with single corporations? This sort of cozy relationship between corporations and the people who are supposed to be regulating them is a huge problem in America (well, the world in general, but America especially).

Quote:
Originally Posted by revots33
This wasn't bribery. When employers hire a top candidate, they offer a package including signing bonus, salary, benefits, stock options, etc. Because they are in competition with other employers for that talent. States are in competition with each other also.

It's not bribery. No one was forced to enter the HQ2 sweepstakes in the first place. The NY offer was based on Amazon delivering on certain benchmarks. It was an investment with a big potential return.

If NY can't offer any financial incentives, how do they compete against other lower-cost states, that may not require a $15 minimum wage like NY does for example?
This is a weak analogy. Employers GIVE ACTUAL BAGS OF CASH to top candidates to entice them into jobs. That totally cool from governments too?

Employers operate within the free market. Governments are supposed to sit outside of the market. They're not supposed to pick winners and losers. When you offer tax breaks for specific corporations, you assist that company to the detriment of competitors. You're also offering a general advantage to large corporations over small ones because small companies don't have the leverage to negotiate these deals.
02-18-2019 , 12:22 AM
Quote:
Originally Posted by goofyballer
BZZT. Those Amazon jobs weren't going to anyone currently struggling!
So you prefer Amazon offering to build a warehouse paying 10 000 workers 20$/hour in LIC? No? How about 30$/hr.
02-18-2019 , 12:25 AM
The highly paid Amazon workers need services during their lunch breaks and after work.
02-18-2019 , 12:26 AM
If you want to entice more investment to your local area, the way to do it that is not corruption is to pass a general law (for example, tax breaks for any company who builds a facility creating x new jobs in area y).
02-18-2019 , 12:31 AM
The Excelsior program that accounted for nearly half of Amazon's package is pretty much exactly that. Most of the rest is also incentive programs available to other developers.
02-18-2019 , 12:37 AM
Quote:
Originally Posted by Tien
What do you think the Chinese people in Shanghai prefer. Before or after? Rent was cheaper though!

We need to see where it all ends up in the end - China currently has major problems with it's housing bubble which will have knock-on effects for the global economy.

Why China Can’t Fix Its Housing Bubble

Quote:
Real estate is the driver of the Chinese economy. By some estimates, it accounts (directly and indirectly) for as much as 30 percent of gross domestic product. Keeping housing prices buoyant and development robust is thus an overriding imperative for China — one that is distorting policymaking and worsening its other economic imbalances.

Despite reforms in recent years, there's little question that Chinese real estate is in bubble territory. From June 2015 through the end of last year, the 100 City Price Index, published by SouFun Holdings Ltd., rose 31 percent to nearly $202 per square foot. That's 38 percent higher than the median price per square foot in the U.S., where per-capita income is more than 700 percent higher than in China. Not surprisingly, this has put homeownership out of reach for most Chinese.
... and much more in that article.
02-18-2019 , 12:41 AM
Quote:
Originally Posted by Tien
What do you think the Chinese people in Shanghai prefer. Before or after? Rent was cheaper though!
This is such an absurd false dichotomy I can't tell if you're serious. Are you serious?
02-18-2019 , 12:56 AM
Quote:
Originally Posted by Tien
25 000 high paying jobs = bad. Yawn. Next.
Because you saw Grizy's math?

You're on a tremendously bad posting streak.

      
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