Interpreting News Stories

[Shiv Jey]

I've been reading the news daily on the country's biggest employers to track where they are expanding to.  If company X builds a warehouse and expects to hire 50k people in Y city, how do you approach this information?  Does this typically indicate growth with such a large plan for expansion, or does it simply move people around in the current city and not affect growth reliably?  Thoughts on the matter?

[Tom Ott]

Originally posted by @Gwen Fyfe:

Originally posted by @Antoine Martel:

Depends on the kind of company that is moving in and what kind of jobs are created. If Amazon moves into Cleveland and hires 50,000 people and pays them $100k each. Then yeah that will have a very large impact. If Nike opens a warehouse where they ship out product, and they hire 50,000 people and pay them $10/hr. Then that won't make much of a different. Make sense? 

 Amazon has actually just said they're opening up a warehouse here in Cleveland... but it looks like it's going to be 1,000 people making $10 an hour. :)

Did you also see that Amazon announced a second distribution center? Now there will be one in Euclid and North Randall. It will bring about 4,000 jobs to the area!