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Registered
Join Date: Nov 2004
Location: Planet Earth
Posts: 4,868
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US lost $433,982,548 because of daylight saving time switch
US lost $433,982,548 because of daylight saving time switch | Yahoo! News
Did you remember to set your clock forward on Sunday? Of course, it doesn’t really matter since most of us operate on digital devices like our smartphones that do the one-hour adjustment automatically. But as easy as it is, the annual switch to daylight saving time reportedly continues to be a costly endeavor, resulting in a net loss of $433,982,548 for the U.S. economy. The Lost-Hour Economic Index breaks down the economic loss state by state across the top 360 metropolitan areas, saying it's due to a number of factors, including fatigue. Some markets in Hawaii and Arizona were excluded form the methodology because they do not participate in daylight saving time. All in all, the annual spring forward is a step back to our bank accounts, though the actual per capita numbers are not as stark as the totals suggest. Still, in this economy, every dollar counts—maybe even more than that lost hour of sleep. According to the index, Morgantown, W.Va., suffered the greatest loss per capita, with each person losing about $3.38 during the time switch. Least affected? Provo-Orem, Utah, where each person only lost about 97 cents. En masse, the New York/Northern New Jersey/Long Island area was most affected, losing an estimated $29,682,674. All in all, a pretty expensive time change for what is supposed to save energy. Maybe the conspiracy theorists are right and Ben Franklin has been laughing in his grave for centuries.
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03-13-2013, 07:36 AM
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How does this cost money? It makes a reference to "fatigue" but how do they attribute a cost for that?
Do we make an extra $500M in the fall? |
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03-13-2013, 07:54 AM
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Registered
Join Date: Aug 2007
Location: Kenbridge VA
Posts: 4,275
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We make more money, and spend less on lighting the parking lot.
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Peppy 2011 BMW 335d 1988 Targa 3.4  2001 Jetta TDI dead 1982 Chevette Diesel SOLD 
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03-13-2013, 08:13 AM
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Now in 993 land ...
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If anything it will be accident statistics that would show a signal for fatigue. I personally know of several accidents that happened on Monday after the spring time change over the years. Apparently many of them were caused by fatigue (i.e. falling asleep behind the wheel!).
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03-13-2013, 08:16 AM
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B58/732
Join Date: Feb 2000
Location: Hot as Hell, AZ
Posts: 12,313
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We in AZ remain happily immune, but scratch our heads over the rest of you weirdos who keep resetting your clocks.
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ΜΟΛΩΝ ΛΑΒΕ I don't always talk to vegetarians--but when I do, it's with a mouthful of bacon. |
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03-13-2013, 08:20 AM
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