The entire solar eclipse is expected to last just 20 minutes, but the lack of productivity in that time is expected to cost businesses a fortune.
According to Forbes, the rare phenomenon will cost American businesses nearly $700 million in productivity.
And because this ultra-rare celestial moment is happening on a work and school day we can count on thousands of people to take the day off, call in sick, or skip their regularly scheduled duties to watch the moon’s shadow block out the sun’s rays for a few minutes. And those minutes, when added up, will likely cost American businesses nearly $700 million in productivity, according to an estimate by outplacement company Challenger, Gray & Christmas.
In total, the company estimates that the U.S. economy will lose $694 million during the approximately 20-minute eclipse process. And that number, Andy Challenger, vice president at Challenger, Gray & Christmas, told Forbes via email, could be conservative.
Additionally, states and cities in the path of totality could see an even greater financial setback.
According to a report by Challenger, because the state of Kentucky, and more specifically, Hopkinsville, is in the path of totality, we could be seeing almost $200 million in lost productivity alone.
These few minutes of darkness are going to cost a pretty penny.
And Kentuckians are going to love every second of it.