The entire solar eclipse is expected to lastÂ 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 moonâ€™s shadow block out the sunâ€™s rays for a few minutes. And those minutes, when added up, will likely cost American businesses nearly $700 million in productivity, according to anÂ estimateÂ 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,Â Andy Challenger, vice president at Challenger, Gray & Christmas, toldÂ ForbesÂ 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.