CHAPTER 6
The economic cost of procrastination
How businesses and nations lose
Momentary passions and immediate interests have a more active and imperious control over human conduct than general or remote considerations of policy, utility or justice. ALEXANDER HAMILTON
WHEN EXPLORING PROCRASTINATION, NO OTHER country provides as many good examples as the United States. Almost two-thirds of all procrastination research is done with American citizens, and no wonder, given what it costs them. Here’s how to calculate it. First, how many workers are there in a country? For the United States, it is over 130 million, but we will round down for ease of calculation. Second, what is the annual average wage for those workers? Estimates can reach over ...
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