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Economy
Correcting My Math Mistake
2024-07-10
Yesterday I posted a comment with some incorrect data, and I'd like to correct myself.

I failed to properly finish the math regarding the approximate cost of what a new federal holiday costs the taxpayers.

Something chew on:
(Correct) The Federal Gov. employs well over 2.5+ Million persons and the salary averages out to over $101++K according to several authoritative sources...

(Incorrect)
Juneteenth, (June 19th), and each Federal holiday costs US taxpayers over $252,500,000,000.000 each for NOTHING in return.
...


Finishing The Math:
$252.5B (approx Fed employee annual costs)
Divided by 2080 hrs the typical hrs per year
Equals = $121,394,230.76 staff cost per hr
Multiply that by 8hrs (per day) = about $971,15M per day of work.

But then there are those working that holiday, that get bonus paid.
So the $971.15M per each holiday figure is likely closer to $1 Billion for what Juneteenth costs the US taxpayers in 2024.
Posted by:NN2N1

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