After Amazon: What Happened in New York Isn’t Just About New York
10th May 2019
The fiasco surrounding Amazon’s recent escape from New York reflects a broader, potentially devastating trend. By driving the Seattle-based behemoth out of the Big Apple, New York’s increasingly militant progressives have created a political paradigm that could resonate in cities across the country.
Simply put, after decades of trying to lure businesses, many cities are adopting political agendas—from minimum wage hikes to rent control and threatened tax boosts—that make them less attractive to both big firms and smaller businesses. This new development is being driven by demographic shifts as cities become more dominated by hipster radicals and increasingly polarized with little room for a middle ground between the very rich and the very poor.
Think of it as evolution in action.