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Tuesday, February 26, 2019

Jamie Dimon: Amazon's decision to forsake New York cost 100,000 jobs

Amazon's change of mind about locating in the New York City area resulted in a loss of about 100,000 jobs, far beyond the 25,000 people who would have worked directly for the company, according to JPMorgan Chase CEO Jamie Dimon.

“It wasn’t just the 25,000 jobs that Amazon was going to do. It was probably going to be about 100,000 jobs supporting it," Dimon said at the National Governors Association Winter Meeting over the weekend. "And they would have gone from low skill to high skilled to consultants to lawyers to restaurants to barbers and construction workers," said Dimon, who donates to both parties. "That’s the shame, that’s what they lost, the whole ecosystem that creates jobs and furthers interest and cities and states acts that act that way, they will be long-term losers.”

Rep. Alexandria Ocasio-Cortez, D-N.Y., helped lead opposition to Amazon’s move to Long Island City near Queens.

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8 comments:

Anonymous said...

and hopefully this AOC is a one term wonder

Anonymous said...

There goes the green in the new green deal!

MAGA - Make Alexandra Go Away!

Anonymous said...

hopefully these progressive will see the joy of their socialism

Anonymous said...

3:07 PM -- Yes, please!

Anonymous said...

Oh no folks, let this asshat stay in there. She shows what the left is, like a spot light in a dark room, further diminishing their influence.

Anonymous said...

Yes please

Anonymous said...

Don't forget her muslem colleagues

Anonymous said...


But she's going to overpay her staff and pledge not to procreate.

IIRC, all congress critters get a staff budget so she'll have to make do with fewer employees. Think the budget for staff is same for all critters.

Not praising Amazon, but spurning free money (in the long haul) is just plain stupid.