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Memo to Politicians: Bargaining for an Amazon Warehouse? Turn the Tables!

| Written by Nick Stumo-Langer | No Comments | Updated on Jul 25, 2017 The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/memo-to-politicians-bargaining-for-an-amazon-warehouse-turn-the-tables/

Bloomberg BNA – July 25, 2017

Written by Greg LeRoy

Why Amazon Should Pay to Arrive

Instead of paying the retail giant to help it undermine other retailers, I recommend that public officials turn the table: when negotiating with Amazon, you should expect the company to pay for its arrival, not taxpayers.

I know that’s counter-intuitive, but it’s based on cold, hard market logic. My argument boils down to this: Amazon is coming because it must; Amazon is driving the convulsion in retailing that is harming local retail economies; and governments should not pay to accelerate that harm. …

The rampant retail layoffs make it clear: When Amazon.com’s CEO Jeff Bezos touted the projected “creation” of 100,000 jobs, he was actually describing retail job churn, not net job growth. Indeed, theInstitute for Local Self-Reliance estimates Amazon had caused a net loss of about 149,000 American jobs by the end of 2015.

Read the full story here.