Google Pledges $7 Billion Investment To Create Jobs in US (bloomberg.com) 25
Google announced a $7 billion investment in the U.S. that will create at least 10,000 new jobs this year, a drop from the $10 billion it promised it would invest in 2020 before the pandemic swept the country. From a report: The Alphabet unit is investing in offices and data centers, including more than $1 billion in its home state of California, Google Chief Executive Officer Sundar Pichai said in a statement on Thursday. Part of the investment will be used for data center expansions in Nebraska, South Carolina, Virginia, Nevada and Texas, Pichai said. In early 2020, Google said it would invest over $10 billion into offices and data centers in a range of states, including California, New York and Texas. This was also a drop from the $13 billion it pledged in 2019 to invest in order to expand in rural areas such as Nevada, Nebraska and Oklahoma. However, in April last year Pichai said Google would slow hiring for the remainder of 2020, "recalibrating the focus and pace of our investments in areas like data centers and machines." Google had 135,300 staff at the end of 2020, and has said it will let employees work from home until July 2021.
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Schools (Score:2)
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curious.
have h 1 b visa applications raised by 10 thousand
So they are pledging to spend..... (Score:2)
what they were already planning on spending.
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Bullshit Headline (Score:5, Insightful)
Google isn't pledging to invest 7 billion.... Google did it's research and analyzed business needs and decided to spend 7 billion to grow/improve the company and increase profits.
Staging this as some sort of humanitarian pledge is ridiculous
"a drop from the $10 billion it promised it would invest in 2020"
You mean they had a business plan and adjusted for the changing environments. They didn't promise you anything.
Reading this looks like the poster things Google is out there doing it for the common good, not just normal capitalism in action.
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Precisely. Reasonable and self-serving self-investment. I expect nothing else from even a marginally competent corporation.
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Precisely. Reasonable and self-serving self-investment. I expect nothing else from even a marginally competent corporation.
And there's absolutely nothing wrong with reasonable, self-serving self-investment. Just putting that out there for folks that will inevitable attack the very concept.
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Precisely. Reasonable and self-serving self-investment. I expect nothing else from even a marginally competent corporation.
And there's absolutely nothing wrong with reasonable, self-serving self-investment. Just putting that out there for folks that will inevitable attack the very concept.
I agree wholeheartedly. But having your PR department bill that investment as some sort of charitable contribution is pretty sleazy.
Re: Bullshit Headline (Score:2)
Standard PR.
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Not only that, it's $7,000,000,000 for 10,000 jobs. That's $7,000,000 for 10 jobs, or $700,000 per job.
Um, what kind of jobs are these? $700,000 is enough to open a nice restaurant that will provide jobs to 15+ people.
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That's $7,000,000 for 10 jobs, or $700,000 per job. Um, what kind of jobs are these? $700,000 is enough to open a nice restaurant that will provide jobs to 15+ people.
Given Google's renumeration, $700k wouldn't even pay for a senior engineer for one year. So whatever kind of jobs they are, they're not senior engineers.
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Given Google's renumeration, $700k wouldn't even pay for a senior engineer for one year.
Not to mention it would hardly pay the rent on a storage locker at the bus station in Silicon Valley.
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$7B in infrastructure AND 10k Google jobs.
not
$7B FOR 10k Google jobs.
The $7B in infrastructure will be a lot of construction jobs done by people who aren't Google employees.
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Google isn't pledging to invest 7 billion... Staging this as some sort of humanitarian pledge is ridiculous
That's the doublespeak we've been taught to use. During a boom, "Company is creating 1000 jobs" (active voice). During a bust, "1000 jobs were lost" (passive voice). They just disappeared through no one's agency.
$7 Billion (Score:1)
7 billion to create 10,000 jobs? They are paying an average of $700k salary? Iâ(TM)m impressed. But why not create opportunities for low income humans instead? A greater impact is possible that way. You can help more people.
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First, knowing that benefits and other carrying cost often take half of the salary, it's more accurate to claim this is their assessment of $350k salary jobs. And if they are building office space, that's more than the costs of already build and depreciating space, maintenance, and such.
Did I miss the proposed locations of these new jobs? Building office space for the next few years is hard to justify, there is a lot of empty space begging for tenancy. They can find some deals out there, in the Valley, many
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7 billion to create 10,000 jobs? They are paying an average of $700k salary? Iâ(TM)m impressed. But why not create opportunities for low income humans instead?.
It's not their fucking job to do so. They aren't a hamburger-flipping franchise (and I said that as someone who flipped burgers and drove forklifts for minimum pay.)
The type of opportunities you mention are a function of public policy, taxation, incentives and above all, geography (buy Enrico Moretti's "The New Geography of Jobs" and educate yourself.)
Moreover, the greater the number of high-paying jobs created in one area, the greater the consumption of local goods and services which make their way dow
7 billion! (Score:2)
Google announced a $7 billion investment in the U.S. [...] a drop from the $10 billion it promised it would invest in 2020
You want 10 billion? What would you do with 7 billion? 5 billion are enough. I'll give you 3 billion. Here's one billion, and be sure you pay me the whole 2 billion back.
Illogical to the max (Score:1)
The best way to "create" jobs is to be successful. Anything else is just welfare doled out by companies to absolve themselves of sin in the eyes of the woke mob.
Too bad money will be spent to propagandize this (Score:2)
Soon big money players who compete, notably Apple, will be spending big to promote the idea that this is somehow "bad".