Daylight Savings Time costs the United States $480,000,000
Posted: March 11, 2009 Filed under: Data Hacking, Lifehackin' Links
On Monday, the entire RescueTeam dragged their collective backsides into the office a little bit late. Weekends are sometimes challenging to recover from in terms of work schedule– but Daylight Savings Time Monday is especially painful. Towards the end of the day we all collectively felt the day was short– and, of course, it was. We’d reset our clocks but hadn’t quite managed to reset to the new schedule. Which raised the question:
If we lost a chunk of our morning to Daylight Savings Time, how many other people did? How much time was lost when people failed to reset their alarm clocks as well as their internal clocks?
It turns out that the answer is this: The average knowledge worker in our growing database spent about 16 minutes less time this past Monday than previous mondays. Assuming there are about 36,000,000 knowledge workers in the US (the first number I could find by Googling), and assuming that they cost about $50/hr ($50,000 per year x 2 divided by about 2,000 work-hours in a year), we can say that 16 minutes is worth about $13.30 (yes, fully loaded cost is often calculated with a 2x). Multiply that by our 36,000,000 knowledge workers and we get a cost of this convention:
No idea how this affects other US workers. And we haven’t checked if people are back to fighting trim the next day– so we suspect the cost is a bit higher.
Very soon we’re going to start releasing the RescueTime True Attention Report, detailing surprises like this one as well as a true understanding of how people really spend their time, on and off the web. If you’d like to get the report when we release it, be sure to subscribe to this blog’s RSS feed. If you have data that you’d love to see in a report like this, drop us a line. Please note that the report will NEVER EVER show any individual data (anonymized or no)– just information like, “The average Outlook user spends X minutes in Outlook”.
RescueTime is a tool that helps businesses and individuals understand how they spend their time and attention– and helps them spend it more effectively. For more information on our business offering, head to www.rescuetimeteam.com. To check out our individual offering, head to www.rescuetime.com.