Episode 880: Is Amazon Good For New York?
After Amazon announced it would open a new office in New York's Long Island City neighborhood, a fight erupted in Planet Money's office. A similar fight is playing out all across the city. Some people think: "Great! This will bring lots of new jobs and investment to New York." Others worry Amazon's presence will raise rents and displace people. Plus, New York gave the company a huge subsidy in the form of tax incentives.
The site of the new, er, not-headquarters, is a quick ride from our office. Today on the show: We go to Long Island City and ask people what they think about Amazon coming to town.
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