Well, I know everyone is stressed and concerned about business (particularly if you own one) but, the thing is, having a business really is just EXTRA to be being alive. When God took the Israelites through the wilderness after all the plagues of Egypt, they were not running businesses or buying or selling then. He provided for them.
And think about it, ok people might not go to the movies anymore, but, are movies super important to the economy? In my world they aren't. They are extras and luxuries for most people. I remember how expensive they were to even go out for a night. You were deemed a criminal if you took your own food in because you can't afford the high charges of the refreshments. And after maybe 2 hours of sitting in a darkened room, if the movie wasn't very good (and often containing violence and sex scenes) you were much poorer!
Ok, I guess there are several ways to look at this. As an employee, the movie theater industry employs around 93,000 people. That really is not all that many. As an entertainment industry, it generates $35.3 billion dollars a year (2019 figures). That’s significant.
Movie theaters were seeing a decline, pre-Covid 19, do to a variety of factors that include steaming services and on-demand. I do agree with you that going to the movies has become a luxury thing. We (me and the wife) do not go often usually only if there is a movie that is best experienced in front of a really big screen. I think the last time we did this was for the opening of Avatar (2009) 3D. Tickets can be as high as $22.00; a Coke is around $6.00 and my number one movie requirement (Milk duds) are $5.00.
I once had to interview a movie theater manager and learned quite a bit. They make no money out of ticket sales, as every penny goes make to the film makers. Where they make their money is in food sales. As an example, they do not pay for soft drinks, as the money is in the marketing of the cup. A $6.00 large bag of popcorn cost them less than .05 (that includes the corn, the popping, and the bag). My $5.00 Milk Duds is around .75 at the most.
The problem as that we (US) enjoy a very long history of going to the movies. It would be hard to find very many people in this country (probably in the whole “civilized” world) that does not recall being a teenager and getting to spend Friday nights at the movies. This could be lost.
As for small businesses, well, that’s the backbone of our economy. According to the SBA (Small Business Administration), the US has over 30.2 small businesses (99.9% of all US businesses). They employ 58.9 million people and make up 47.5% of the US’ total employment workforce. Those numbers are hard to overcome.
We are seeing a transformation that, while impacted by Covid-19, was coming anyway. Technology will eventually replace many things. Ok, you cannot get a haircut on-line and you cannot build a building though automation (not yet), but it is coming.
Yesterday I wanted a sandwich for lunch. I could have made one at home, but I wanted a specific sandwich. So, I ordered it online and had it dropped off at my front door. For the sake of convenience, I decided to pay significantly more (sandwich - $11.59; tip $2.16; delivery $2.00, tax $0.81; total $16.56), but I got what I wanted and never had to leave the house. I consumed my “news” online and watched two movies (Netflix). So, so much for the restaurant, the newspaper and movie theater).
Today I am cutting the grass and that is still on me
rtm3039