Title : "The very features that make New York attractive to businesses, workers and tourists — Broadway, the subway system, world-class restaurants..."
link : "The very features that make New York attractive to businesses, workers and tourists — Broadway, the subway system, world-class restaurants..."
"The very features that make New York attractive to businesses, workers and tourists — Broadway, the subway system, world-class restaurants..."
"... and innumerable cultural institutions — were among the hardest-hit in the pandemic. And they will take the longest to come back. Half of the hotels in the city are not operating, and with no reliable forecast for when tourists might return, many may stay shut. Nearly the same portion of the city’s smallest businesses — some 186,000 shops employing fewer than 10 people — could fail, city officials fear.... Large and midsize companies... are thinking about how to use their existing office space when workers cannot be packed together as tightly, and questioning how much they should be expected to pay for it. 'Because of the need for social distancing, that space is far less valuable.... We’re all going to need more space, or use it less.'... [W]orkers from around the country and the world would think twice about relocating to the city — for at least a few years — and... those already here might move out.... Swiftly shutting down the city’s more than 25,000 restaurants and bars was one thing. But getting customers back may not be a matter of simply allowing them to reopen, even with servers in masks and gloves and diners ordering from an app on their phones.... [T]ourists are not likely to come back to a closed city, and the sorts of activities that draw crowd and visitors — parades, performing arts, museums, sports, festivals — are likely to be among the last parts of the local economy to reopen...."From "'I Don’t Think the New York That We Left Will Be Back for Some Years'/The features that made the city’s economy distinctive — Broadway, restaurants and museums — were hard hit and will take the longest to come back" (NYT).
From the comments over there:
Lets all hope that the pre-virus Manhattan will not return. It was a place of excess, a playground for the uber-rich, where middle class people could work but not live. $500 jeans with engineered rips in the knees, insipid Jeff Koons sculpture made by "assistants" selling for millions while sycophantic curators belly up to donors who treat art like commodities. Our whole society, not just NYC, needs structural change. Our economy needs to work for everybody, not just hedge fund managers and silk stocking law firms. We need a health care system which delivers quality care to all. Why have we given up on an America which delivers on its promise to all?
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