Efficiency
Daylight saving time is the practice of advancing clocks so that afternoons have more daylight and mornings have less. Typically clocks are adjusted forward one hour near the start of spring and are adjusted backward in autumn.
During his time as an American envoy to France, Benjamin Franklin, author of the proverb, “Early to bed, and early to rise, makes a man healthy, wealthy and wise”, anonymously published a letter suggesting that Parisians economize on candles by rising earlier to use morning sunlight. This 1784 satire proposed taxing shutters and waking the public by ringing church bells and firing cannons at sunrise.
William Willett independently conceived daylight saving time in 1905 during a pre-breakfast ride, when he observed with dismay how many Londoners slept through a large part of a summer day. An avid golfer, he also disliked cutting short his round at dusk. His solution was to advance the clock during the summer months, a proposal he published two years later. He independently proposed daylight saving time in 1907 and advocated it tirelessly.
The practice is controversial. Adding daylight to afternoons benefits retailing, sports, and other activities that exploit sunlight after working hours, but causes problems for farming, evening entertainment and other occupations tied to the sun. Although an early goal of daylight saving time was to reduce evening usage of incandescent lighting, modern heating and cooling usage patterns differ greatly and research about how daylight saving time currently affects energy use is limited and often contradictory.
Daylight saving time’s occasional clock shifts present other challenges. They complicate timekeeping and can disrupt meetings, travel, billing, recordkeeping, medical devices, heavy equipment, and sleep patterns. Changing clocks and daylight saving time has a direct economic cost, entailing extra work to support remote meetings, computer applications and corrections to errors.
It has been argued that clock shifts correlate with decreased economic efficiency, and that in 2000 the daylight-saving effect implied an estimated one-day loss of $31 billion on U.S. stock exchanges, althought the results have been disputed. The 2007 North American daylight saving time cost an estimated $500 million to $1 billion.



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