What’s happening is Amazon comes in and builds a warehouse or data center, then Black Rock comes in and buys up the homes around there area, then sells those homes off to developers who build “luxury apartments” near the data center. Bonus points if the owner of the developer is also contacting with Amazon.
This means they charge 80% of the wage earned at the warehouse for the apartments and can keep rent in lockstep with wages meaning a wage increase is just a shifting of funds from the warehouse profits to the landlord profits.
likely where things are going
I am fairly certain it’s already happening just at very small scale and under the journalistic radar
almost certainly
What’s happening is Amazon comes in and builds a warehouse or data center, then Black Rock comes in and buys up the homes around there area, then sells those homes off to developers who build “luxury apartments” near the data center. Bonus points if the owner of the developer is also contacting with Amazon.
This means they charge 80% of the wage earned at the warehouse for the apartments and can keep rent in lockstep with wages meaning a wage increase is just a shifting of funds from the warehouse profits to the landlord profits.