Quote:
Originally Posted by PHXFlyer11
Movie theatres were going away even before the pandemic, this has only made it worse. AMC lost a to of money last year and were already on the verge of bankruptcy. Will some survive, sure. But many more will fail and most will have to change their model.
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The Pandemic only accelerated what was already in process.
More work from home, more remote working, untethering certain industries from expensive big costal cities (SF and NYC), flights to sunbelt cities and the interior, Millennials finally biting the bullet and moving into single family homes en mass, changes in retail patterns deliver/vs brick and mortar. The destruction of traditional movie distribution
The only industry I expect to end up going back to pre pandemic normalcy will be hotels and restaurants. I dont personally suspect people will largely work from home forever but for sure certain industries will forevermore have much more work from home availability and a larger portion of their workforce will be remote.
I am actually very excited to see and hope to see a revival of smaller cities and towns nationwide, there are plenty of people with good careers that would much rather live in a relatively smaller city or town that are forced to live in larger metro areas. I know plenty of people with decent incomes in Finance or Supply Chain that can be 100% remote and would move to Prescott or Show Low in a heartbeat if they could.