26

Nov

Generate $315MM of Economic Impact by Wishing People an “HT” Today

There are currently 319,151,000 people in the United States. As of October 31, 2014, 150,000,000 of them were employed in full-time positions. At this wonderful time of year, most or all of them are presumably wishing colleagues, friends, and family a “Happy Thanksgiving”, whether they’re doing it from their PCs or phones. What would happen, however, if we collectively agreed to wish each other a “Happy Turkey Day”?

If the average adult types at 40 WPM and average word length is 5 characters, then an adult produces 200 characters in a minute, or one character every 0.3 seconds. Assuming that an average employee produces $67.32 of GDP per hour worked, one extra character – repeated across, say, 25 holiday greetings – amounts to $0.14025 of GDP. With 150,000,000 workers, that one-character difference costs a whopping total of $21,037,500 of GDP.

So if we all wished each other a “Happy Turkey Day,” we would reclaim two characters and $42,075,000 of GDP. “Happy T Day,” which eliminates seven characters, represents a savings of $147,262,500. Taken to the extreme, we would all simply write “HT,” saving 15 characters and $315,562,500 of GDP.

I’ll do my part: wishing all of you an HT :)

  1. dfkoz posted this