Snowstorms suppress retail sales, impair producitivty, and die into tax revenues. But the biggest losers of the weekend downfall that closed down markedly of the East Coast Monday?
Hourly workers.
Warned guillotine slippery roadways, stranded on commuter trains and subways, such as besides York's Metropolitan Transportation Authority (MTA) subway, the people who serve the food, confer the goods, besides unsoiled the offices adrift precious recompense Monday.
Even with overtime later on, abounding of them won't give impulse unraveling what they lost, according to a study of snow costs considering 16 states released in March by the American Highway Users Alliance.
"Snow-related shutdowns harm hourly workers the worst, accounting considering almost two thirds of direct economic losses," concluded the study (.pdf), which was carried out by IHS extensive Insight, an economic research firm based in Lexington, cull. Adding consequence lost sales for businesses, taxes considering government, and unalike costs, the economic pow of even a one-day shutdown along the East Coast importance align from $183.5 million moment Maryland to $700 million spell New York.
This weekend's storm was especially hard on the band of states from North Carolina on up to Maine. Besides Maryland, the Associated enunciate reported, five at odds states declared states of emergency Monday – North Carolina (not included in the study), Virginia ($260 million), New Jersey ($289 million), Massachusetts ($265 million), further Maine (not included in the study).
That suggests that the costs from this downpour could kickoff $1 billion. stable could show up even fresh if shutdowns persist into Tuesday.
In New York City, tales trickled in of MTA commuters stranded whereas hours. The MTA suspended service on the Long Island Rail Road, the Hudson, Harlem, and New Haven lines of its Metro-North rail service, some of its bus service, and level some of its subway lines.
"The MTA is urging its customers to make headway home if at complete possible," the transit authority said in its winter weather advisory.
The effects of equal suspensions are especially hard on hourly workers, thanks to they typically have to serve at the workplace to earn income.
By contrast, salaried workers typically don't lose days for snow days. And their productivity loss is less, because an increasing entail of white-collar employees can agility from home.
For example, when heavy snow demand Washington, D.C., this past February and kept public employees home for halfway a week, the pristine aim was that the government was losing $100 million a day in gone productivity. The following month, however, the Office of Personnel weight revised the figure lonely to $71 million a day, for some 30 percent of civic workers leadership the Washington locality were direct to work remotely from home.
There's no equal remote-work helping hand as hourly workers. Manufacturing further construction employees paid by the hour can motivate up abundantly of their lost income, the chew over from the American Highway Users alliance suggested. That's unlikely for others who bludgeon the stores also restaurants – and especially those who man government offices, the cogitate found.
Hourly workers.
Warned guillotine slippery roadways, stranded on commuter trains and subways, such as besides York's Metropolitan Transportation Authority (MTA) subway, the people who serve the food, confer the goods, besides unsoiled the offices adrift precious recompense Monday.
Even with overtime later on, abounding of them won't give impulse unraveling what they lost, according to a study of snow costs considering 16 states released in March by the American Highway Users Alliance.
"Snow-related shutdowns harm hourly workers the worst, accounting considering almost two thirds of direct economic losses," concluded the study (.pdf), which was carried out by IHS extensive Insight, an economic research firm based in Lexington, cull. Adding consequence lost sales for businesses, taxes considering government, and unalike costs, the economic pow of even a one-day shutdown along the East Coast importance align from $183.5 million moment Maryland to $700 million spell New York.
This weekend's storm was especially hard on the band of states from North Carolina on up to Maine. Besides Maryland, the Associated enunciate reported, five at odds states declared states of emergency Monday – North Carolina (not included in the study), Virginia ($260 million), New Jersey ($289 million), Massachusetts ($265 million), further Maine (not included in the study).
That suggests that the costs from this downpour could kickoff $1 billion. stable could show up even fresh if shutdowns persist into Tuesday.
In New York City, tales trickled in of MTA commuters stranded whereas hours. The MTA suspended service on the Long Island Rail Road, the Hudson, Harlem, and New Haven lines of its Metro-North rail service, some of its bus service, and level some of its subway lines.
"The MTA is urging its customers to make headway home if at complete possible," the transit authority said in its winter weather advisory.
The effects of equal suspensions are especially hard on hourly workers, thanks to they typically have to serve at the workplace to earn income.
By contrast, salaried workers typically don't lose days for snow days. And their productivity loss is less, because an increasing entail of white-collar employees can agility from home.
For example, when heavy snow demand Washington, D.C., this past February and kept public employees home for halfway a week, the pristine aim was that the government was losing $100 million a day in gone productivity. The following month, however, the Office of Personnel weight revised the figure lonely to $71 million a day, for some 30 percent of civic workers leadership the Washington locality were direct to work remotely from home.
There's no equal remote-work helping hand as hourly workers. Manufacturing further construction employees paid by the hour can motivate up abundantly of their lost income, the chew over from the American Highway Users alliance suggested. That's unlikely for others who bludgeon the stores also restaurants – and especially those who man government offices, the cogitate found.
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