Let's just swap from Thanksgiving (a holiday about racism and genocide) to Election Day. So there's no net cost. Just swapping from one day to another.
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We always have elections on a Sunday (you go to your assigned voting place, usually a school) and there's I think two week period where you can vote in (official voting places placed in) libraries, malls, all kinds of places and you can pick whichever so there's ample opportunity for everyone. I think mail-in system where you can vote at home and deliver the vote by mail is just for those who are abroad. There's also the possibility of having people visit you at home to facilitate voting, meant for those who can't move.
Here in Brazil elections are always on Sunday, vote is mandatory and everybody vote the same day. By 8pm all votes are counted and the result is known.
I always vote after lunch and it's always empty. Because the vote is electronic, it's very fast. I get there (we usually vote at schools too), show my photo ID (I use the ID app on my phone), use my fingerprint to unlock the voting machine, type the numbers and confirm, they return my phone and give a coupon to prove I voted and then I go eat a meat pastel and ice cream.
Unless they're going to do something like require octuple pay for anyone working on an election day, which in turn would fuck up the financial math of any business thinking about opening that day, making it a holiday won't fix anything.
Mandate vote by mail federally. While your at it, copy Mexicos voter ID system and give everyone free voter ID's.
Yes it should be a holiday! Why are we even talking about this?
Doesn't matter either way as the only people guaranteed off on federal holidays are government employees.
Shithole country. Honestly, together with the issues like voter roll purging and winner takes it all. How can you take this "pro/con" discussion even seriously?
The real question should be why the US is so undemocratic, what the forces are that drive this minority rule and prevent a more free and open society.
Christmas doesn't create challenges for hourly workers, and noone that matters cares if it costs companies millions.
There is zero reason not to have more holidays.
Just make it a Saturday and make it quick and easy to vote?
Then people can go to work before or after voting if they need.