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5 Cent Post

There is an article today in Reuters about how much the month of March costs employers. A research company claims that about $3,800,000,000 is lost because of the NCAA Basketball Tournament. They claim that productivity is lost because of employees watching, listening, talking, and/or reading about or to the games.

Let’s break that $3.8 billion number down a bit. There are 18 days in this year’s tournament (March 16-April 3), 8 hours in a typical workday, and 60 minutes in each hour. The number of US citizens between the age of 15 and 64 is roughly 198,141,869 (via CIA World Fact Book), and the current unemployment rate is 5.1% (also via CIA World Fact Book).

$3,800,000,000 / 18 = $211,111,111 per day
$211,111,111 / 8 = $26,388,888 per hour
$26,388,888 / 60 = $439,814 per minute

198,141,869 * 5.1% = 10,105,235 unemployed people
198,141,869 - 10,105,235 = 188,036,634 employed people in the US

$439,814 / 188,036,634 = $0.00233898039 lost per minute per working employee in the US

I’ve spent about 20 minutes writing this post and researching my numbers, and I am at work. So I guess I just wasted $0.04677960785. I hope you guys like this 5 cent blog entry.

Here’s a link to the article:

‘No work please,’ it’s basketball time


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