Lost productivity: pick a number, any number
From Wonkblog at the Washington Post, a look at all the things that allegedly cost the US $BIGNUM in productivity, eg
– The fact that so many employees aren’t engaged with their jobs costs U.S. employers a staggering $550 billion per year.
– Parents stressed out about child care cost $300 billion per year in lost productivity.
– Cigarette smoking takes $92 billion per year out of the workplace.
– Then throw in insomnia, which costs another $63 billion per year.
– Let’s not forget excessive commuting, which costs employers $90 billion per year.
Adding up all of the losses gives $1.8 trillion per year. That’s about 12% of US GDP or about 2/3 of US federal government tax receipts.
Thomas Lumley (@tslumley) is Professor of Biostatistics at the University of Auckland. His research interests include semiparametric models, survey sampling, statistical computing, foundations of statistics, and whatever methodological problems his medical collaborators come up with. He also blogs at Biased and Inefficient See all posts by Thomas Lumley »