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Is Amazon Canceling Its NY HQ Plans A Good Development?

New York is better off now

This costs New York many jobs

 Getty: Matt Winkelmeyer / Staff

New York is better off now that Amazon chose to put its second headquarters elsewhere, asserts Matthew Yglesias of Vox. Its presence would have worsened the local housing crisis and overburdened its transport system. Amazon going nationwide, asking for the best subsidies possible was bad for America. More jobs with high salaries in cities like New York mean that middle-income earners might no longer be able to afford to live there. Amazon would benefit the country far more by relocating to Detroit, a city that would greatly profit from these additional jobs.

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The fact that Amazon will no longer build its second headquarters in New York is a major loss for the local economy, believes John Avlon of CNN. Small businesses like restaurants and shops would have strongly benefited from the influx of capital in Long Island. Many cities had competed for this privilege, knowing how good it could be. When a company like Amazon sets up shop, it creates huge waves of commerce that support local businesses. While excessive corporate welfare needs to be checked, New York shot itself in the foot by keeping the online retailer away.

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