The Cost of Family Day
There was a solid analysis of the business cost of Family Day in today’s Vancouver Sun by adjunct professor John H. Redekop from Trinity Western University. Tallying up the holiday pay and bonus pay in both the public and private sectors, and adding in lost businesses for the businesses (many of them construction companies) who had to close for the day – Redekop estimated that the B.C. economy took a $200 million hit.
It’s a great lesson in the real costs of something that too many people think is free.