As for the "talent" already in New York, millennials and others have in fact been leaving the city at a faster clip in recent years as costs have soared. Many industries, notably finance, are moving jobs to less expensive locales. Last year Brooklyn, the epicenter of the urban gentrification, lost population, as young people look for more affordable places to live and older ones flee cold weather and high taxes. Due in large part to foreign investment and continued strong immigration, New York already has among the most exorbitant housing prices in the country and after Amazon's announcement speculators--the prototypical New York opportunists--immediately focused on the Queens neighborhood the tech giant plans to occupy and where rents and housing prices are sure to shoot up.


Hey, Jeff, if you think it's hard to deal with these folks in Seattle, wait until you get a load of New York, which is where I grew up and first experienced political life. The Gothamites are nearly as far to the left and not so easily intimidated by someone with a huge checkbook. After all, they can easily make the case that the billions--nearly $50,000 a job--in tax breaks for a company run by the world's richest man should be more equitably shared in a city where more than one in five people lives below the poverty line.

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