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

Date: 25 Jul 2017 | posted in: Media Coverage, Retail | 0 Facebooktwitterredditmail

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.

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Nick Stumo-Langer

Nick Stumo-Langer was Communications Manager at ILSR working for all five initiatives. He ran ILSR's Facebook and Twitter profiles and builds relationships with reporters. He is an alumnus of St. Olaf College and animated by the concerns of monopoly power across our economy.