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| Working From Home - Impacts of Coronavirus |
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| maginnovision:
I think you guys are rebuking something I didn't say. If the income isn't greater than the cost of running business they close. A theme park makes money on tickets, food, and merchandise. They don't care if you stand in a line, that makes them no money. Also consider the people who can afford to go out less and less. It's great we're all able to work from home or have plenty of money to live on regardless of not being paid but there are a lot who aren't. The ROI is very important for property and if that number goes too low or negative you may be forced to get rid of it. Some large companies may be able to pick it up in hopes they can make money but others won't and everyone renting will be pushed out Property isn't always a money maker which is why you want many to offset the poorer ones that you bet will come up. Profit for businesses is another necessary. Nobody will run these if they can't afford to live on the profits. Theaters, restaurants, theme parks, retail stores... None are going to be hugely profitable without massively raising prices at which point patronage will drop too. Inflation is going to hurt a lot of people regardless of when this ends. Theaters, restaurants and retail stores are often independent or franchises. They're not really backed by some huge company that may or may not be able to weather the storm --- Quote from: james_s on April 13, 2020, 10:42:05 pm ---I wonder how the few drive-in movie theaters remaining are doing? Surely they could be operating still, the 1950s drive-in movie and diner options are ideally suited for the current situation. One of the things I've always liked about the tech industry and my current job in particular is the flexible hours. I need to be around for the meetings and stuff but otherwise if I want to take the afternoon off and work from 1am to 9am nobody is going to care as long as the work gets done. --- End quote --- Considering drive in churches have to sue to stay open I'm betting not well. |
| nctnico:
--- Quote from: langwadt on April 14, 2020, 12:22:41 am --- --- Quote from: nctnico on April 13, 2020, 09:46:32 pm --- --- Quote from: maginnovision on April 13, 2020, 08:47:29 pm ---Yea, theaters, restaurants, theme parks. These things make money being packed and they're unlikely to run if forced to be at 20% capacity. --- End quote --- In addition to what james_s wrote: think about what the average seating rate is of a restaurant during the day. Spread the people better during the day and the problem is solved. During Christmas many restaurants have 2 or even 3 time slots to have dinner. The same system can be applied. --- End quote --- lots of restaurants already try to spread out people by offering discounts for being early. Spreading it out is also likely to need more staff hours a big expense. --- End quote --- I don't think so. If you are in a restaurant early (like Dutch people tend to do when they visit more southern countries in Europe where they eat later) you'll notice that restaurants manage the people to be there just in time. As more customers start to fill the restaurant you'll see more staff members arriving. Less customers at once means less staff at once. It is simple as that. Restaurants are not paying people to twiddle their thumbs; that isn't going to change. |
| blacksheeplogic:
--- Quote from: maginnovision on April 14, 2020, 12:23:41 am ---Also consider the people who can afford to go out less and less. It's great we're all able to work from home or have plenty of money to live on regardless of not being paid but there are a lot who aren't. --- End quote --- I think this is one of the key points that is overlooked. The massive over reaction shutting down the economy has put a lot of people out of work, many not on government salaries but with jobs are looking at an uncertain further and possibly reduction in pay. People are not going to have the same disposable income and along with increases in prices even for basics like food and housing many of these businesses will not be profitable and they will not be replaced. |
| EEVblog:
--- Quote from: nctnico on April 13, 2020, 03:27:18 pm ---Over here they are allowing a limited number of people inside shops to adhere to governments rules. Works pretty well and it is enforced legally. The same can work for gyms, etc. And don't forget: people who work from home can create their own schedule. They are no longer bound to a '9 to 5' rythm. From a biological standpoint there is no rule which says humans (like to) work best from 9 to 5. --- End quote --- Most people do not work from home and will not in the future. Things aren't going to be that radially different. Yes some business will realise work form home isn't that bad and will move a bit in that direction. But I'm willing to bet that in a few years time when this has all blown over, the world will on average look and work very little different to what it did 3 months ago. Do you have kids?If not then you likely won't understand why a lot of the daily/weekly routines exist. |
| james_s:
--- Quote from: maginnovision on April 14, 2020, 12:23:41 am ---I think you guys are rebuking something I didn't say. If the income isn't greater than the cost of running business they close. A theme park makes money on tickets, food, and merchandise. They don't care if you stand in a line, that makes them no money. Also consider the people who can afford to go out less and less. It's great we're all able to work from home or have plenty of money to live on regardless of not being paid but there are a lot who aren't. The ROI is very important for property and if that number goes too low or negative you may be forced to get rid of it. Some large companies may be able to pick it up in hopes they can make money but others won't and everyone renting will be pushed out Property isn't always a money maker which is why you want many to offset the poorer ones that you bet will come up. Profit for businesses is another necessary. Nobody will run these if they can't afford to live on the profits. Theaters, restaurants, theme parks, retail stores... None are going to be hugely profitable without massively raising prices at which point patronage will drop too. Inflation is going to hurt a lot of people regardless of when this ends. Theaters, restaurants and retail stores are often independent or franchises. They're not really backed by some huge company that may or may not be able to weather the storm --- End quote --- So adapt. Like I said, things may need to change. Rents will need to come down, the cost of eating out may go up, people will have less money yes, nobody is disputing this, it's going to take a very long time for things to get back into another boom again. That doesn't mean all is lost though, that doesn't mean restaurants have to stop being a thing. People still want to go out to eat, even with massive unemployment there are still many, many millions of people who are still employed and there is pent up demand. Even before the crash somebody from rural middle America would absolutely balk at the cost of running a restaurant or other business in downtown Seattle or Manhattan, they might say it's impossible to make a living doing that and yet people do. Things are grim but the ship has nut sunk yet. It seems many people have a tendency to just throw up their hands in despair and give up. Others get creative and find a way to keep going. Adapt, change, do things differently, look at things from a different perspective and stay afloat. |
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