When Amazon entered markets like bookselling or groceries, its competition proved highly disruptive to incumbents. In November 2018, Amazon declared that it had selected northern Virginia as one of two locations for its new second headquarters, and four months later it announced that HQ2 would only proceed in the Virginia site. The Seattle company has grandly entered yet another market, that for science, technology, engineering, and math (STEM) talent in the metro Washington, D.C., area.
There, Amazon’s insatiable hunger for customers will turn into a voracious appetite for up to 50,000 highly paid new employees. One other employer is … Read the rest