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'Grand Theft Auto 6' launch could cost US economy $1 billion
FOX 29 Philadelphia • • business
Key Points:
- Approximately 1.5 million American workers are expected to skip work on November 19 to play the release of "Grand Theft Auto 6," potentially causing a $1 billion loss in US productivity for the day.
- An economist estimates this absence could reduce national output by about 2%, based on an average annual output of $70,000 per worker.
- Tech companies, which employ younger demographics more likely to play the game, are expected to experience the greatest impact from this work exodus.
- Some employees have planned for the launch by banking paid time off, and some companies have incorporated the date into their compensation packages.
- Despite the economic impact, Take-Two Interactive anticipates over $1 billion in operating cash flow this fiscal year from GTA 6, with nearly $600 million already generated from preorders.
