Today, at the National Press Club, American Highway Users Alliance released a study by IHS Global Insight estimating the economic impact of snowstorms in sixteen U.S. states and two Canadian provinces. The study found that "hundreds of millions of dollars in economic opportunity are lost each day that a state is shuttered by impassable roads."
“Lost wages of hourly workers account for about two-thirds of the direct economic impact of a major snowstorm,” said James Gillula, Managing Director of Global Insight and the principal researcher of the study. “Among all workers, hourly wage workers can suffer the most painful economic losses and the indirect economic effects of their lost wages can ripple through the economy.”
The study, the Highway Users noted, gives needed perspective on the true costs of what is often thought of as harmless and fun. For state and local authorities, they suggested, it could serve as a wakeup call for bigger snow removal budgets.“Although snow days often conjure happy childhood memories, this study makes it crystal clear that they have a tangible and serious negative impact on real working people and a wide range of businesses,” said Greg Cohen, Highway Users President and CEO. “The shocking losses estimated by this study should light a fire under state and local authorities nationwide to get serious about investing in quicker and more effective snow and ice removal. When roads are left unsafe or impassible, it is like money being thrown down the drain.”
This study highlights the economic necessity of snowfighting and the fact that one successful day of snowfighting can more than repay the entire costs of a year of snowfighting in economic benefits. As we exit one of the most devastating years for snowstorms in recent memory and a difficult year economically, the press is covering this story with gusto, as they should. State and local authorities cannot afford to sacrifice commerce and safety as they make budget decisions for next year.
The last official day of "winter" certainly lived up to its billing, dumping 7 inches of snow in the northern suburbs of Dallas, TX. The area thus records its snowiest winter in history. Savor the picture. It may have to last you until next November..
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