Monday’s solar eclipse will be a once-in-a-lifetime event for most Americans (except Sergey Brin, he plans to live forever).
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.