USA lost $433,982,548 because of daylight saving time switch


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Did you remember to set your clock forward on Sunday? Of course, it doesn?t really matter since most of us operate on digital devices like our smartphones that do the one-hour adjustment automatically.

But as easy as it is, the annual switch to daylight saving time reportedly continues to be a costly endeavor, resulting in a net loss of $433,982,548 for the U.S. economy.

The Lost-Hour Economic Index breaks down the economic loss state by state across the top 360 metropolitan areas, saying it's due to a number of factors, including fatigue. Some markets in Hawaii and Arizona were excluded form the methodology because they do not participate in daylight saving time.

All in all, the annual spring forward is a step back to our bank accounts, though the actual per capita numbers are not as stark as the totals suggest. Still, in this economy, every dollar counts?maybe even more than that lost hour of sleep.

According to the index, Morgantown, W.Va., suffered the greatest loss per capita, with each person losing about $3.38 during the time switch. Least affected? Provo-Orem, Utah, where each person only lost about 97 cents.

En masse, the New York/Northern New Jersey/Long Island area was most affected, losing an estimated $29,682,674.

All in all, a pretty expensive time change for what is supposed to save energy. Maybe the conspiracy theorists are right and Ben Franklin has been laughing in his grave for centuries.

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regardless of if the study is bull or not, I don't think daylight savings serves much of a purpose anymore. It's time to pick one and stick with it.

I'm totally with you for this idea. Personally, I'm all for staying on daylight savings time year round.

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How exactly is that much money being lost? The article fails to even attempt to explain the reasons why.

^ I'm guessing because businesses either close or open an hour later.

Which does not make much sense -- people are still going to buy gas, food, etc. at some time.

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How exactly is that much money being lost? The article fails to even attempt to explain the reasons why.

...Because Obama, of course.

:rofl:

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Not sure about some of you, but do you know the purpose of daylights savings switching? You like the sun coming up at 5 am and going down at 6pm? Read between the lines: daylight SAVINGS time. Don't see how anyone could be against the simple logic behind it.

article is bull**** too, since when you go to forward an hour in the fall you "gain" the loss back.

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Not sure about some of you, but do you know the purpose of daylights savings switching? You like the sun coming up at 5 am and going down at 6pm? Read between the lines: daylight SAVINGS time. Don't see how anyone could be against the simple logic behind it.

article is bull**** too, since when you go to forward an hour in the fall you "gain" the loss back.

Exactly.

I don't use lights in the morning because it's already light. I turned my house lights around 7pm before the daylight savings switch. Now it's around 8pm. That's one hour of not using any lights in the house that I'm saving money on. Also it's awesome to have an extra hour of sunlight after work that I can enjoy outside.

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^ I'm guessing because businesses either close or open an hour later.

Which does not make much sense -- people are still going to buy gas, food, etc. at some time.

Except they don't. By the clock, they open & close at exactly the same time.

Article is gibberish. No money is lost due to DST.

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The only businesses hurt by DST are bars and pubs when they have to close an hour early on Sunday mornings.

It also increases energy savings since most businesses and households use their lighting in the evenings more than the early mornings.

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Not true; I lost $15 due to losing an hour of work, and I don't work at a pub or a bar.

Do you have a schedule that works thru 2am, such as 10pm to 6am or something?

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According to this logic, then we should be fine when we set the clocks back in November, it will just even out :)

Not true; I lost $15 due to losing an hour of work, and I don't work at a pub or a bar.

But didn't you get off an hour early?, So it's not like you worked an extra hour and they didn't pay you. So you didn't lose anything, since you didn't work for it or have it to begin with.

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The only businesses hurt by DST are bars and pubs when they have to close an hour early on Sunday mornings.

It also increases energy savings since most businesses and households use their lighting in the evenings more than the early mornings.

how exactly? most places bars close at 2am... and if we spring ahead an hour, that happens at 2am... so how did a bar lose an hour? they would still close at the same time

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how exactly? most places bars close at 2am... and if we spring ahead an hour, that happens at 2am... so how did a bar lose an hour? they would still close at the same time

I don't know where you live, but 2 AM is early for a bar, pub, or club to close on a Saturday night/Sunday morning.

In any city or well populated area, they're open much later than 2 AM, and lose an hour of business.

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I don't know where you live, but 2 AM is early for a bar, pub, or club to close on a Saturday night/Sunday morning.

In any city or well populated area, they're open much later than 2 AM, and lose an hour of business.

Tough? DST has a far more important reason for existing than places that pander to drunks pickling their brains.

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Tough? DST has a far more important reason for existing than places that pander to drunks pickling their brains.

I totally agree. I'm not arguing against DST, and it was actually the point of my post that the costs are limited and somewhat frivolous.

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According to this logic, then we should be fine when we set the clocks back in November, it will just even out :)

But didn't you get off an hour early?, So it's not like you worked an extra hour and they didn't pay you. So you didn't lose anything, since you didn't work for it or have it to begin with.

That's true, I didn't loose money that I earned, but neither did anybody else. Nobody worked that hour because it didn't exist, and thus nobody got paid for it. And yes, I got off an hour early, so my check will be short for that hour because I worked an hour less, just like everybody else who "lost" money. I'm not complaining, I'm just saying that I don't work at a pub. And yes, I will have the opportunity to earn back that hour in six months when the clocks change again if I am scheduled to work that day.

Also, all the bars around here close at 2am and are not open on sundays at all; I hate being in the bible belt.

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