The figure of the day: how much does one heavy snowfall cost for the economy of St. Petersburg

Every winter in Russia, the same thing happens: after a snowfall, a traffic collapse begins on almost all highways, both in the provinces and in large cities. How much money does a snowfall cost our country? Economist Dmitry Prokofiev answers this question on the example of St. Petersburg in his channel:

“The official number of people employed in the economy of St. Petersburg is 3 million people. Average monthly accrued salary (officially) 70,000 (let it be 50) thousand). This means that in total people in St. Petersburg earn 150 billion dollars a month (at a minimum). It turns out that a minute of the total work of all Petersburgers is $ 200,000. Let half of the workers stand in traffic jams (delay, etc.), be late, waste time. It turns out that the wasted minute of time for everyone who went to work after a night snowfall is $ 100,000. Five minutes - half a million. Ten minutes is a million. In fact, there is more loss for the economy, of course - after all, after people produce more than they receive wages. Dollars. Of course, this is a conditional calculation. But the scale of losses is about the same..."