Alarming headlines that upset and distract workers come at a cost. By one estimate, the time workers spend reading and discussing events on the job costs U.S. companies $43.6 million per minute.
The tally is based on an analysis released Wednesday by outplacement firm Challenger, Gray & Christmas, which used data from the American Time Use Survey from the Bureau of Labor Statistics to arrive at its findings. It estimates Americans spend at least 19.2 minutes a day reading news. The findings use the results of a Nielsen study published in 2016 on the number of Americans who read news to estimate 96.6 million workers do so. With the average hourly wage at $26.92 in May, Challenger calculates employers stand to lose $832.5 million for every 19.2 minutes spent on bad news.
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