US President Donald Trump said that holidays lost billions of dollars to the United States and asked to reduce federal holidays.
US President Donald Trump said that the United States has many national festivals and they ruin the economy.
Trump, “there is not much work in the United States, there is a vacation, all of these businesses have closed billions of dollars in our country,” he said. Trump made his statement on Friday, the free place of Afroameric slaves was honored in the United States.
Saying that workers did not want it, Trump said, “Soon we will have a vacation for every working day of the year. If we want to make the United States great, it needs to change!” He said.
Federal Day in the United States New year (January 1) anniversary (on the last Monday of May and May 26) Independence Day (July 4) Labor Day (on the first Monday of September) şükran Day (Wednesday of November) Martin Luther King (December 25) Martin Luther King, JR. Junetenth (June 19) Columbus (Monday of October) Veterans Day on October 13) (November 11) Is it harmful to the economy on holidays? Trump's statements have made research on the economic impact of holidays. According to research by two economists by 2022, if a holiday coincides with the weekend and is not postponed during the week, the country's gross domestic product (GDP) may increase by 0.08 to 0.2 %.
Especially the manufacturing industry is one of the most affected areas of such holidays. However, experts emphasize that this effect is only valid in a short time. According to the study, wages allowed to increase productivity for a long time by improving the spirit of employees.
Excessive work can reduce productivity. The Microsoft survey with 31,000 people around the world, one -third of employees in the past five years to keep up with the job has become “impossible”, he said. In another survey conducted by Ernst & Young, the employee's performance for every 10 hours of additional leave increased by an average of 8 % and they spent less. Consumption costs are also increasing On the other hand, federal holidays have no impact on economic life. Contrary to Trump's allegations, many employees continue their duties in areas such as emergency, retail and transportation services. In addition, consumer spending increased during the holiday period. In particular, the fields of tourism, hotel and retail management provide direct benefits from this increase. This advantage is not limited to large businesses. A study in the United Kingdom in 2018 revealed that public holidays have brought an average of 253 pounds (about $ 340) for small shops.