Jamie Dimon thinks HQ2 will bring 100k jobs

[Anonymous]

https://www.bizjournals.com/washington/news/2019/03/21/jpmorgans-jamie-dimon-thinks-we-might-be.html

"Dimon said. “But the 25,000 jobs, what people don’t understand, it’s going to be another 75,000 outside of that. Because when you have a company move here, they need people who prepare meals and clean floors to engineers to marketing people to lawyers to accountants to service that whole ecosystem."

for references, Arlington has only 200k people

[Anonymous]

Anonymous wrote:https://www.bizjournals.com/washington/news/2019/03/21/jpmorgans-jamie-dimon-thinks-we-might-be.html

"Dimon said. “But the 25,000 jobs, what people don’t understand, it’s going to be another 75,000 outside of that. Because when you have a company move here, they need people who prepare meals and clean floors to engineers to marketing people to lawyers to accountants to service that whole ecosystem."

for references, Arlington has only 200k people

Fairfax is over a million now. We can handle it. It won’t happen all at once.

[Anonymous]

They will hire locals and most will commute in. There are already a lot of Amazon employees and many will be consolidated. They are having trouble filling the slots they have. They also allow telecommuting for some jobs so you can live further out and just go in as needed. We don't know anyone who works at Amazon who lives near work. Some live in other states and just fly in as needed.

[Anonymous]

Anonymous wrote:They will hire locals and most will commute in. There are already a lot of Amazon employees and many will be consolidated. They are having trouble filling the slots they have. They also allow telecommuting for some jobs so you can live further out and just go in as needed. We don't know anyone who works at Amazon who lives near work. Some live in other states and just fly in as needed.

+1 I have friends in close in Maryland who commute to Amazon in Virginia. They're not all going to live within a mile of HQ.

[Anonymous]

I love it.

Can't wait to rub it in the faces of all the nuts who said - first, Amazon isn't coming! and second, well, it won't actually it be 30,000 jobs.

SUCK IT LOSERS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:They will hire locals and most will commute in. There are already a lot of Amazon employees and many will be consolidated. They are having trouble filling the slots they have. They also allow telecommuting for some jobs so you can live further out and just go in as needed. We don't know anyone who works at Amazon who lives near work. Some live in other states and just fly in as needed.

+1 I have friends in close in Maryland who commute to Amazon in Virginia. They're not all going to live within a mile of HQ.

For every one of those, some new person living in Arlington will probably do the opposite, too. Maybe they'll take the job your friends left to commute to Arlington. Maybe this guy will work for Amazon for two years, move to Arlington, but then quit.

The metro area is a big blob. People move around, people want to live near where they work, but they can't always. It's easier to move jobs than to move where you live. But over time, there's no reason to expect it won't average out. If you add 25K jobs in a place, you'd expect that place to increase the number of people living there over time by about that # of households.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will hire locals and most will commute in. There are already a lot of Amazon employees and many will be consolidated. They are having trouble filling the slots they have. They also allow telecommuting for some jobs so you can live further out and just go in as needed. We don't know anyone who works at Amazon who lives near work. Some live in other states and just fly in as needed.

+1 I have friends in close in Maryland who commute to Amazon in Virginia. They're not all going to live within a mile of HQ.

For every one of those, some new person living in Arlington will probably do the opposite, too. Maybe they'll take the job your friends left to commute to Arlington. Maybe this guy will work for Amazon for two years, move to Arlington, but then quit.

The metro area is a big blob. People move around, people want to live near where they work, but they can't always. It's easier to move jobs than to move where you live. But over time, there's no reason to expect it won't average out. If you add 25K jobs in a place, you'd expect that place to increase the number of people living there over time by about that # of households.

Ugh we live and own here but not looking forward to this.

[Anonymous]

What's that bubble crazies? Nothing to say?

[Anonymous]

So Jamir Dimon is not very current on how modern tech companies work. He is correct that it will bring 100K jobs, perhaps more but for different reasons. Companies like Amazon and other tech giants are not like the traditional companies. A second headquarters isn't going to replicate all the back office staff at the other headquarters. There won't be a dual marketing agency. There will be many operational engineers focused on government customers and working in integrators but the design and real engineers will still be on the west coast where you don't see tons of operational integration engineers. You'll see more policy and internal lobbyist/lawyer types out here but supply chain people will stay out west. Amazon is the most frugal of all the tech giants and very careful not to overspend or duplicate work. There will be additional jobs (nowhere close to 100K) for maintaining the campus like office cleaners. Amazon doesn't offer the free cafeteria and other perks that Google and Apple provide but that is good for the local economy anyway.

The 100K jobs will come from competitors and synergistic mini-partners. System integrators that help people adopt AWS and companies that build products off Amazon are one stream. The big draw will be other tech companies looking for an east coast presence and looking to poach/attract employees.

[Anonymous]

Anonymous wrote:So Jamir Dimon is not very current on how modern tech companies work. He is correct that it will bring 100K jobs, perhaps more but for different reasons. Companies like Amazon and other tech giants are not like the traditional companies. A second headquarters isn't going to replicate all the back office staff at the other headquarters. There won't be a dual marketing agency. There will be many operational engineers focused on government customers and working in integrators but the design and real engineers will still be on the west coast where you don't see tons of operational integration engineers. You'll see more policy and internal lobbyist/lawyer types out here but supply chain people will stay out west. Amazon is the most frugal of all the tech giants and very careful not to overspend or duplicate work. There will be additional jobs (nowhere close to 100K) for maintaining the campus like office cleaners. Amazon doesn't offer the free cafeteria and other perks that Google and Apple provide but that is good for the local economy anyway.

The 100K jobs will come from competitors and synergistic mini-partners. System integrators that help people adopt AWS and companies that build products off Amazon are one stream. The big draw will be other tech companies looking for an east coast presence and looking to poach/attract employees.

Huh?

[Anonymous]

Anonymous wrote:So Jamir Dimon is not very current on how modern tech companies work. He is correct that it will bring 100K jobs, perhaps more but for different reasons. Companies like Amazon and other tech giants are not like the traditional companies. A second headquarters isn't going to replicate all the back office staff at the other headquarters. There won't be a dual marketing agency. There will be many operational engineers focused on government customers and working in integrators but the design and real engineers will still be on the west coast where you don't see tons of operational integration engineers. You'll see more policy and internal lobbyist/lawyer types out here but supply chain people will stay out west. Amazon is the most frugal of all the tech giants and very careful not to overspend or duplicate work. There will be additional jobs (nowhere close to 100K) for maintaining the campus like office cleaners. Amazon doesn't offer the free cafeteria and other perks that Google and Apple provide but that is good for the local economy anyway.

The 100K jobs will come from competitors and synergistic mini-partners. System integrators that help people adopt AWS and companies that build products off Amazon are one stream. The big draw will be other tech companies looking for an east coast presence and looking to poach/attract employees.

You clearly do not work for Amazon.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They will hire locals and most will commute in. There are already a lot of Amazon employees and many will be consolidated. They are having trouble filling the slots they have. They also allow telecommuting for some jobs so you can live further out and just go in as needed. We don't know anyone who works at Amazon who lives near work. Some live in other states and just fly in as needed.

+1 I have friends in close in Maryland who commute to Amazon in Virginia. They're not all going to live within a mile of HQ.

For every one of those, some new person living in Arlington will probably do the opposite, too. Maybe they'll take the job your friends left to commute to Arlington. Maybe this guy will work for Amazon for two years, move to Arlington, but then quit.

The metro area is a big blob. People move around, people want to live near where they work, but they can't always. It's easier to move jobs than to move where you live. But over time, there's no reason to expect it won't average out. If you add 25K jobs in a place, you'd expect that place to increase the number of people living there over time by about that # of households.

Hum...no. And how amazon works with pay you are completely off.

[Anonymous]

Anonymous wrote:So Jamir Dimon is not very current on how modern tech companies work. He is correct that it will bring 100K jobs, perhaps more but for different reasons. Companies like Amazon and other tech giants are not like the traditional companies. A second headquarters isn't going to replicate all the back office staff at the other headquarters. There won't be a dual marketing agency. There will be many operational engineers focused on government customers and working in integrators but the design and real engineers will still be on the west coast where you don't see tons of operational integration engineers. You'll see more policy and internal lobbyist/lawyer types out here but supply chain people will stay out west. Amazon is the most frugal of all the tech giants and very careful not to overspend or duplicate work. There will be additional jobs (nowhere close to 100K) for maintaining the campus like office cleaners. Amazon doesn't offer the free cafeteria and other perks that Google and Apple provide but that is good for the local economy anyway.

The 100K jobs will come from competitors and synergistic mini-partners. System integrators that help people adopt AWS and companies that build products off Amazon are one stream. The big draw will be other tech companies looking for an east coast presence and looking to poach/attract employees.

Amazon partly wants to leave the tax situation in Seattle — so why won’t they move marketing to Arlington?

[Anonymous]

Anonymous wrote:So Jamir Dimon is not very current on how modern tech companies work. He is correct that it will bring 100K jobs, perhaps more but for different reasons. Companies like Amazon and other tech giants are not like the traditional companies. A second headquarters isn't going to replicate all the back office staff at the other headquarters. There won't be a dual marketing agency. There will be many operational engineers focused on government customers and working in integrators but the design and real engineers will still be on the west coast where you don't see tons of operational integration engineers. You'll see more policy and internal lobbyist/lawyer types out here but supply chain people will stay out west. Amazon is the most frugal of all the tech giants and very careful not to overspend or duplicate work. There will be additional jobs (nowhere close to 100K) for maintaining the campus like office cleaners. Amazon doesn't offer the free cafeteria and other perks that Google and Apple provide but that is good for the local economy anyway.

The 100K jobs will come from competitors and synergistic mini-partners. System integrators that help people adopt AWS and companies that build products off Amazon are one stream. The big draw will be other tech companies looking for an east coast presence and looking to poach/attract employees.

Do you realize that Amazon has a lot of employees already in the MD/VA/DC areas. There is a huge east coast presence already.

[Anonymous]

Jamie Dimon when I worked at JPM Morgan back in 2004 and he was taking over at CEO had a one trillion dollar balance sheet and a one billion IT budget. He currently has a two trillion dollar balance sheet.

He knows more than any of us so don't doubt him.