Election day should be made into a national holiday because the benefit of increased voter turnout outweighs any negative effects on the economy.
According to John Conyers, a Democrat who represents Michigan's 13th District, "the cost of low voter participation for our democracy cannot be measured in financial terms."
A presidential election determines the future of a country for four solid years. You can not place a price on the kind of impact that can be had in four years.
Turning election day into a national holiday would minimize economic growth for a day, but it would be worth it. Not only would it be worth it, but the harm done to the economy would be minuscule and negligible.
Countries like the United States can afford to have businesses shut down and pay workers for one day. Conyers says, "Though some might dismiss an Election Day holiday as being too expensive for our government to afford, the damage caused by low voter participation is a far greater risk."
Voting is a right and there should be no restrictions put in place nor financial calculations made to make this right difficult to enact.