Today's public holiday is costing the economy almost $2 billion. But there are upsides

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Subbies are taking the day off without pay and shops are closing rather than pay staff extra wages. Cafes and restaurants that do stay open are often lumping the extra cost onto the consumer.

Mr Koukoulas also factored in the cost to the economy when businesses do stay open, and therefore often have to pay their staff extra public holiday wages.

Prime Minister Anthony Albanese has previously described the decision to call a public holiday as one that "brings our nation together".But not everybody believes today is a net loss Today's public holiday falls on a Thursday. Commonwealth Bank senior economist Gareth Aird believes many Australians will be taking tomorrow off too if they can and booking in a long weekend."Of course, there are costs too, but not all one way. You might find a lot of people go out for dinner on Wednesday night or to the pub with a holiday the following day.""The phone ran pretty hot after the announcement for the public holiday," Gary said.

 

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On a table of 10 tonight at a birthday dinner. Paid 15% $15.15 plus an ‘all cards surcharge’ of 1.2% $1.39. That was 3 of the meals so the others on the table paid similar. Can’t pay cash at the venue and the orders are entered by us via machine. All of the restaurants were busy

Nobody but the govt cares about 'the economy' isn't that $2b coming from the pockets of people into corporations?

Why would they bother reporting this when the economy has just been 2 and 1/2 years of shut downs and mandatory isolation periods for employees compared to one public holiday

$2b lost? Wow. That's a hell of a lot of money? The owner of the 2nd hand clothes shop in the image has got the right idea with the sign. Take Friday off as well..extra long weekend...thanks very much. Way too easy. Just take the day off and stop complaining!

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