Economic impact of DeKalb water main break: it’s a wash


The economic impact of the various closures due to the DeKalb water outage will depend on the business that a company is in.

Economists say that most companies that lose a day to an unusual event — like say, a snowstorm — generally just make it up during the next few days.

However, some businesses simply cannot recoup the business lost. Restaurants, for example. Some customers who didn’t come by today, might simply come back a different time, but no one is going to return and buy two meals.

And many workers, too, are out of a day’s pay.

Starting with those restaurants, where many workers — like waiters and waitresses — are paid by the hour and with customers’ tips. And the economy is increasingly reliant on contract workers whose compensation is wholly dependent on working.

Perhaps they can make up the time, eventually working the same number of hours. Otherwise, a lost day of pay is a lost day of pay.

MYAJC.COM: REAL JOURNALISM. REAL LOCAL IMPACT.

AJC Business reporter Michael E. Kanell keeps you updated on the latest news about jobs, housing and consumer issues in metro Atlanta and beyond. You'll find more on myAJC.com, including these stories:

Never miss a minute of what's happening in local business news. Subscribe to myAJC.com. 



Reader Comments ...


Next Up in Business

Atlanta-based Interface in $420 million purchase of German company
Atlanta-based Interface in $420 million purchase of German company

Atlanta-based Interface has made a $420 million deal to buy a German company that is a leader in the global flooring market. Interfact is acquiring Nora Systems, a move that the company said should dramatically expand its market reach to new categories. The two companies are more “complementary” than competitive, said Jay Gould, the chief...
Home sales sag, but prices up 9.9 percent from last year
Home sales sag, but prices up 9.9 percent from last year

Metro Atlanta home prices are up 9.9 percent from a year ago, even as the number of sales has slipped. The strong rise in prices is a sign of the continued imbalance in housing, with demand continuing to out-pace supply. The median price of a home sold in May was $248,445, compared to $226,000 during the same month a year ago, according to a report...
Tapped-out demand for beer partly blamed for layoffs
Tapped-out demand for beer partly blamed for layoffs

A global manufacturer of glass has confirmed plans to close its Atlanta facility next month, laying off about 270 people, most of them hourly workers. Owens-Illinois, Inc., which is based in Ohio, will shutter the Sylvan Road facility around July 18, according to a spokeswoman at the $6.9 billion-a-year company. The decision to close the Atlanta plant...
Talk rising of possible recession, trade key danger for Atlanta
Talk rising of possible recession, trade key danger for Atlanta

Tom Smith watches each Sunday morning for signs of recession at Panera Bread. It’s telling: The size of the crowd, the attitude of the families – are they enjoying the chance to relax and spend a little money on themselves, the way people do when they have a few dollars extra, or are they anxious about keeping their jobs and paying their...
Kempner: Disappearing public companies? Federal regulator concerned
Kempner: Disappearing public companies? Federal regulator concerned

Where did half our nation’s public companies go? If you’ve got a hankering to invest your life savings, it might look as if you have plenty of options, some good and some unnerving. There are stocks, bonds, real estate, gold, and even some cryptocurrency markets that concern regulators. But the number of publicly traded companies has dropped...
More Stories