Greg's Corner

How much will the eclipse cost the country?

With today’s solar eclipse literally looming over the horizon, a vast number of Americans are taking time out of their busy schedules in order to view the once in a lifetime event. Today’s eclipse will be the first one since 1919 to traverse the entire country from coast to coast. The next one reaching that many Americans won’t be seen until 2045. So it should come as no surprise today will more than likely act like an unofficial holiday.

So with all the time being taken off for the eclipse, how will this affect the American workforce? According to a Chicago based outplacement firm, the time lost by employees will cost their employers close to $700 million nationwide in lost production. While that sounds like a lot, it pales in comparison to other events around the calendar.

During March Madness it’s estimated $615 million per hour is lost in productivity, while the day after the Super Bowl is said to lose $290 million every 10 minutes. Then there’s Cyber-Monday where $450 million in productivity is lost every 14 minutes. What makes these events worse is they happen every year. So a once in a lifetime event where most employees are taking an extended lunch to view doesn’t seem so bad.