Forbes: These are industries where workers can benefit from the Covid-19 crisis

The global pandemic has seriously affected the economy and the number of jobs. However, not all have negative meanings. There will still be industries, companies and workers who can benefit from this recent tragedy.

The biggest beneficiaries will be online companies that are not dependent on physical locations, healthcare providers, supermarket chains – especially those with a strong online presence. – curative pharmaceutical research and supply companies, technology and service companies, such as Zoom, for home workers.

Because schools are closed and everyone is stuck in the house, they are turning to online video games. Children, like some adults, are playing online games for fun, especially at the moment there are no sports events. It is also a way to interact with friends and family to maintain social relationships. As long as this trend continues, employment in this space will not diminish, but will increase again to meet demand.

According to the Financial Times, tech companies are still “zealously” recruiting as they turn to take advantage of the opportunity from Covid-19 – as the world is shifting aggressively to using digital platforms – although Other industries are “mass-laying employees” and are raising concerns about the global market.

Global corporations with huge amounts of cash on their balance sheets, like Amazon, Google, Apple, Microsoft and Netflix, will have enough power and money to overcome the pandemic.

People working in these fields can find jobs and strong demand from some companies. For example, Amazon is hiring 100,000 workers due to the great demand. Because people are working from home and aren’t allowed or willing to risk getting out of the house, Amazon is the first choice for shopping. Amazon profits are the losses of small and medium retailers.

Covid-19 changed the job market almost overnight. Unfortunately, we will also see industries severely damaged. Workers in these fields will lose their jobs and have great difficulty finding new jobs.

Department stores, trade centers and retailers will suffer heavy losses – business losses and unemployment. Major retailers, Nordstrom, Bloomingdale’s, Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, all announced that they would close their stores. This will cause a large number of retail employees to lose their jobs.

There are several other areas in which employment will be cut cruelly. International travel to Europe has been banned by President Donald Trump. Many people will be afraid to take a train or fly for a while due to fear of the risk of virus infection.

Companies in tourism, hotels, aviation, sporting events, concerts and restaurants will be crushed. With the abrupt business shutdown, companies in these areas will be forced to radically reduce their working hours. Even more businesses will have to close.

Production will also be severely affected. Detroit’s three major automakers – General Motors, Ford and Fiat Chrysler – all announced that they would suspend operations of their factories in the United States.

Under the pressure of the United Auto Workers coalition over concerns about the safety of its members, the car giants temporarily suspended operations. This will have a great impact on assembly line workers, management staff and all parts suppliers involved in the supply chain. Dealers are at a loss because of a lack of customers and when the demand for cars decreases, employment will also decrease.

Real estate is the same. Scott Stringer, a New York City official, said that 75% of hotels would be empty in June. He also predicted that real estate agents would lose 20% of their revenue.

According to Moody’s Analytics, more than half of US jobs – 80 million jobs – will be in danger. Mark Zandi, Moody’s chief economist, said that about 10 million workers could get a pay cut.

Trade groups, the American Hotel & Motel Association and the US Travel Association, have some “terrible” predictions. They believe that one million jobs in the hotel sector will be gone or will disappear in the next few weeks.

Economic “cracks” are present in oil companies. A combination of Saudi Arabia and Russia with cheap oil flooded the market, with Americans traveling less, oil companies underperforming and stock prices having hit bottom. Mass layoffs are only a matter of time.

The website where people applied for unemployment benefits in New York was shut down on Monday due to too much traffic. Connecticut saw a frightening increase in unemployment with 25,000 applicants in four and a half days.

ZipRecruiter, an online job board, saw the list of restaurant and hotel jobs plummet 25% from this time last year. Air-related positions dropped 43% from the same period last year. Sadly, these are the types of work that are heating up until the pandemic arrives. 10% of jobs created in current economic expansion are in entertainment and hospitality.