By David Olsen · 2 November 2010 · Locked
The Melbourne Cup may be a beloved Australian tradition, but its impact on the economy is staggering. Find out how much it really costs and why businesses are taking notice.
The Melbourne Cup yesterday cost the Australian economy up to $1.239 billion in lost productivity, with over half of workers taking a half day off to watch the race.
Tags: Australian Bureau of Statistics, employment, Labour Force, Melbourne Cup, Morale, Productivity, Randstad, Staff