The Impact of Snow Blizzard on the Economy Will Be Temporary

Snow Blizzard

Snow will always be enjoyable for some people despite the cold weather. On the other hand, you won’t be smiling once a gush of wind accompanies it and becomes a blizzard. This may happen if you won’t use snowday predictor. Although it may not be as destructive as a magma fireball, a flashflood or a sink-hole-producing earthquake, a snow blizzard still has the capability to halt an entire economy within a matter of days.

What Is Expected During a Snow Blizzard?

Compared to other natural disasters like a hurricane, tornado, tsunami or volcanic eruption, Predicting Snow Days is very possible and accurate. However, this may not be the case when it comes to predicting snowstorm.

During a blizzard, or a severe snowstorm, protocol is to stay indoors only. Hours before, there will be less movement of vehicles, and work and events will be cancelled. It may last a long period but overall, the city affected will be similar in a lockdown.

Let us introduce a hypothetical situation here. The East coast cities like Philadelphia, Boston and New York City provide an output of $2 trillion annually. That means, in a regular working cycle of 250 days, the daily output is $8 billion. If a severe blizzard were to occur on these areas and the effects stretch for 2 days, that’s a $16-billion projected loss.

Impact on Consumers

Despite knowing that a blizzard might come, consumers won’t have enough time to make necessary purchases since travel will be restricted. Online shopping will also be affected, and eateries will be forced to close so that their employees can seek shelter as quickly as possible.

The difference is those that offer dry goods can recuperate after the disaster while the eateries might have little chances to bounce back from a loss. The snow blizzard not only affects the goods sector but also the service sector. For instance, electricity might have a little setback due to dams having minimal water movement and construction of infrastructures will be halted for hazardous reasons.

Impacts on Employment

Since a snowstorm is considered as an ‘act of God’, the dynamics for the payday will change. Obviously, there will be employers reducing the pay since their business operations have also halted. Nonetheless, there are businesses that can stay operational, such as those inclined in digital work. However, the pay might decline.

In terms of employment, an employee can remain employed even though the operation hasn’t resumed and there will be no pay on that period. However, there are businesses that may take time to recover and therefore, lay-offs can be a possibility.

Aftermath Economy

Like in every disaster, the economy will suffer to a certain degree. The flow of income depends on the activity of businesses and the impacts of a blizzard will still be felt even after people head to the stores to restock or repair the damage.

Destruction will not be always viewed as a stimulus for an economy. It is the stagnant days that lead to such an illusion. Government agencies will be forced to expend more funds to help with the recovery of the economy.

Conclusion

If you were to analyze it, snow isn’t as destructive as other disasters. The most common scenario is that all open surfaces will be covered by snow. The effects of a blizzard are temporary since damages are minimal and the economy will bounce back the economy with the return of sunny days.

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