Amazon vs. Diablo Canyon
In economics, it is called the multiplier effect — a sizable business emerges in a community and other small businesses thrive. Plus, there is increased employment to support the primary business.
So it is interesting to note how Amazon’s decision to pull out of Long Island City, N.Y., has been received. Primarily the outrage is over the loss of jobs, but also all the support services and manufacturers likely to emerge to complement Amazon.
Not being an economist, I am not sure if there is an antonym phrase to the multiplier effect, like the “divider effect.” A good example here appears to be the closure of the Diablo Canyon nuclear power plant. Similarly, there is the loss of good paying jobs, plus loss of support for colleges, schools, museums, community foundations and alliances. Cities in the county will also be impacted.
Obviously, it is a done deal and too late to say to environmentalists, politicians and the public at large that they should be careful what they wish for, but it might be worth going back to the drawing board again to access the implications, especially now that PG&E has declared bankruptcy. – Colin Wigglesworth, Arroyo Grande