Feed on
Posts
Comments

There are estimates that each year during the NCAA Basketball Tournament millions of hours of worker time is “wasted” by watching the games during work, checking scores, running gambling pools and other distractions. However research by the same firm has concluded that in some years, the “losses” are almost miniscule (a few hundred million dollars) while in other years the losses amount to several billion.

  1. So, if it is the former view that you hold, does this mean that at the margin much of the American workforce is useless?
  2. So, if it is the latter view that you hold, we are doing a Hurricane Sandy’s worth of “damage” each and every year to ourselves. I’m not sure what conclusion you’d like to draw from that – perhaps someone can celebrate all of the economic stimulus that we’d get because these workers now have to “catch-up” and work harder to make up all of that lost time …

5 Responses to “ZMP or Self-Inflicted Sandy?”

  1. Harry says:

    Thanks to WC the economist and the physicist, I learned two concepts today.

    When I was an expert productivity specialist, one principle was, don’t work harder, just more often. Think of the damage of keeping millions from work for a month.

    Indeed Sandy did huge damage keeping people from work, and repairing all the literal and figurative broken windows will be something lost.

  2. 454031 260587The vacation trades offered are evaluated a variety of within the chosen and just great value all about the world. Those hostels are normally based towards households which you will discover accented via charming shores promoting crystal-clear fishing holes, concurrent of ones Ocean. Hotels Discounts 200410

  3. 890614 712085Cool text dude, maintain up the excellent function, just shared this with the mates 161949

  4. 892919 32440Right after study a couple of with the blog articles for your website now, and that i genuinely like your method of blogging. I bookmarked it to my bookmark website list and are checking back soon. Pls consider my internet site too and inform me what you consider. 324742

  5. my chat says:

    735552 936044Sewing Machines […]any time to read or go to the content or perhaps internet internet sites we surely have associated with[…] 419680

Leave a Reply