Amazon HQ2 and 3 announced, NoVA (DC, MD area) and NY

[Boaters]

Jeff Bezos is a smart man at the rate he is going probably be the first trilllionaire.

[dddrees]

Originally Posted by Blansky

I'm torn. On the one hand I love Amazon and use it frequently.

But on the other hand, companies getting too big and powerful is rarely good in the overall picture. It started with Walmart coming into towns and decimating the downtown businesses and eventually turning many into virtual ghost towns. Then the supposed job creation was all minimum wages. On top of that all the profit left town as opposed to being circulated throughout the town as it was previously.

Amazon now carries on the same type of enterprise only online and delivery companies.

I don't understand the long term economics of one company becoming so powerful and I sort of fear what is on the horizon with them.

As for where the warehouses are located it doesn't affect me but I doubt the jobs are much more than minimum wage.

You forgot to mention Walmart's hugely negative impact on the good paying jobs in America. The fact that they had such a huge influence on driving prices down so low that manufacturers in the US couldn't possibly produce the cheap goods Walmart was selling. As such so many goods that were now being sourced from China. Walmart may not have been the only reason but they largely contributed to this problem.