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Peer review, a huge waste of time, and therefore money ?
Figure 👇🏼 and excerpts taken from Aczel et al. 2021 https://doi.org/10.1186/s41073-021-00118-2
“…the total time reviewers globally worked on peer reviews was over 100 million hours in 2020, equivalent to over 15 thousand years. The estimated monetary value of the time US-based reviewers spent on reviews was over 1.5 billion USD in 2020 […] The numbers highlight the enormous amount of work and time that researchers provide to the publication system.”
(authors add: By design, our results are very likely to be under-estimates as they reflect only a portion of the total number of journals worldwide.)
