."This will probably be quite subtle, because one day is a little bit hotter, you're a little bit less productive, but those days will add up."In their paper, Deryugina and Hsiang combined county-level temperature data from the National Oceanic and Atmospheric Administration and income data from the Bureau of Economic Analysis between 1969 and 2011 to see how hot days affected economic productivity.
For example, they found that a day with an average temperature of about 84°F would cause annual income in a county to be 0.065% lower than if that day were 59° instead. While that's a small drop in total annual income, they noted that this translates into the 84° day being about 24% less productive than an average day.The hottest days, with temperatures above 86°F, caused annual income in a county to be 0.076% lower than a 59° day.
While on an individual basis, that drop in income is fairly small, hot temperatures across much of the country can add up and have a bigger impact on overall national economic activity. As a back-of-the-envelope estimate, a heat wave affecting a third of the country, or 100 million Americans, would have an economic cost of around a half-billion dollars, based on the $4.80 per person estimate above.
So this proves that us Sub-Saharan Africans aren’t lazy then
And, that takes me down to doing just about nothing today.
come here,
I have air conditioning. I think you do, too. Productivity, 100%.
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