As I am finishing up my last tax returns of the tax season I am finding myself thinking about the effects of sleep deprivation and the economic costs of it. I got thinking about how much more efficient I may have been if I had only went to bed a little earlier. How much money and time could I have saved by getting more sleep?
As I started to do some research on the topic I discovered there have been a lot of studies on the subject. The one thing that they seemed to all have in common is they agreed there is no real measurable data and what they do have is based only on speculations. I did find one study by Valley Sleep Center that put a dollar amount to the issue. They estimated the annual cost to employers to be about 63 billion dollars.
If getting more sleep could save that much money annually, why have we gotten to the point where we do not get the sleep we need to properly function? What is causing us to sacrifice our precious sleep and what can we do to prioritize our lives to combat this? What do you think the cost of lack of sleep is and how has it affected your lives? Let me know what you think.