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Comment by shagie

Amazon's RTO is likely worth $100M / year based on the tax subsidies they haven't gotten from Seattle for 2022, 2023, and 2024. https://goodjobsfirst.org/amazon-tracker/?state=Washington

They get these subsidies based on having people employed in the office and generating economic activity in the area where they work, and public transport utilization, and so on.

For example... public transport in Seattle: https://www.axios.com/local/seattle/2023/12/18/seattle-area-...

It dropped from 20m / year in 2019 to 10m / year in 2023.

Amazon claims that with RTO, 7.5m of those trips are from Amazon employees that Amazon pays for ( https://www.aboutamazon.com/news/community/amazon-return-to-... ) - that's either the difference in public transportation or 75% of the current ridership depending on when this was measured.

That's likely a key part of why there's an RTO mandate - Seattle wants the economic activity back and isn't giving Amazon any more tax credits to the tune of $100M until they get their employees back in the buildings.

parent shagie 2 years ago

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