> Will the public feel safe enough to go back into theaters all at once before theaters run out of money as if nothing happened?
the need for theatres and cinemas have not disappeared. They will come back once the virus situation is under control (in say 2-4 yrs time, when vaccine is available). Therefore, the jobs will come back in 2-4 yrs time.
The companies will have been different - the old incumbents will have bankrupted by then. But that doesn't matter - as long as there is new investment, new companies will spring up to soak up the demand.
Same with office spaces. It's not like the need for office space will disappear indefinitely.
>Same with office spaces. It's not like the need for office space will disappear indefinitely.
There is an arguable difference here, a lot of people were willing to WFH before the crisis, but most businesses didn't allow it. A crisis like this, forcing businesses to accept WFH, has the side benefit of doing a large experiment where business owners see whether WFH works for them, maybe even has good sides to it, but also what's negative about it.
Before, many employers were just apprehensive and would only think about this in theory. Many now see in practice what they were afraid about, and maybe they're not as afraid anymore.
So maybe office space will rebound, but maybe not. I'm quite sure in my city most office jobs are doable from home, however for meetings we might get back to some balanced level of WFH + office work. But it may never rebound to pre-crisis levels.
the need for theatres and cinemas have not disappeared. They will come back once the virus situation is under control (in say 2-4 yrs time, when vaccine is available). Therefore, the jobs will come back in 2-4 yrs time.
The companies will have been different - the old incumbents will have bankrupted by then. But that doesn't matter - as long as there is new investment, new companies will spring up to soak up the demand.
Same with office spaces. It's not like the need for office space will disappear indefinitely.