WHERE TO WORK IN 2021: which industries will survive the pandemic

Industries that will lose and thrive due to the coronavirus pandemic
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The coronavirus has changed the job market almost overnight. The global outbreak has seriously impacted the economy and job security. It will have long-lasting, game-changing ramifications. We’re entering a brutal job market, where you just can’t take anything for granted.

(1) MOVIE THEATERS. Filmmaker Universal detonated a nuclear bomb in Hollywood last week. Its kids film Trolls 2 became the first mainstream movie to be released online, skipping movie theaters. Families can stream it at home for 20 bucks. Movie theaters have always held an exclusive window for film releases. They demand 90-day, exclusive rights before the movie can be shown elsewhere. In short, this is how they make money. Filmmakers have toyed with releasing films online, but theaters always blocked it.

(2) DEPARTMENT STORES. Department stores, malls and speciality retailers will lose business and shed jobs, as people are not leaving their homes. Big retailers, such as Macy’s, Nordstrom, Bloomingdale’s, Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, have all announced that they are closing their stores. This will cause a large number of retail workers to lose their jobs.

(3) OFFICE SPACE OPERATORS. This crisis has forced the world into a mass experiment. Tens of millions of us are working from home for the first time ever. It’s changing an entire generation’s view on what can be done remotely. After months of working from home, folks will realize they’re just as productive. They’ll question why they need to commute to the office every day. And working remotely, say, two or three days a week will become the new normal.

(4) TRAVEL. Airlines, aircraft manufacturers and their suppliers, resorts, hotels, restaurants, sporting events, cruise lines, conferences and music concerts will be negatively impacted. With the sudden cessation of business, companies in these areas will be forced to downsize their employees or radically cut the hours that they work. Many businesses may not make it and close down.

(5) MANUFACTURING. Manufacturing is going to get hit hard too. The three big Detroit automakers have all announced that they will suspend operations at their factories in the United States. Under pressure from the United Auto Workers union over concerns about the safety of its members, the auto giants have temporarily ceased operations.

Industries and companies that will be hiring, thriving and making money: online, AR (augmented reality), video game, giant global corporations, renewable energy (solar and wind). More details are in the video.

Sources:
1. Forbes: The Coronavirus Effect: Here Are The Jobs That Will Be Added And Lost (https://bit.ly/3iSf9kr)
2. Colliers International: 12 Industry Channels Expected to Thrive Post-COVID-19 (https://bit.ly/2AMJW17)
3. Forbes: The Coronavirus Just Hit The “Fast-Forward” Button On These Three Industries (https://bit.ly/2ZWjKts)
4. Forbes: Coronavirus Will Wipe Out These Three Industries For Good (https://bit.ly/3iSbOCf)

Time codes:
0:00 How coronavirus has changes our lives
0:42 How movie theaters used to work and what has changed
1:51 Macy's and others are closing their stores. What to expect?
2:55 Entering a new world of remote work
5:01 This industry will be most affected by COVID-19
5:41 The three big Detroit automakers suspended their operations
6:07 Our new reality
8:04 What is AR? New way of shopping
8:41 This industry is booming
8:59 You should pay your attention to these companies
9:44 What kind of energy is being used more these days

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