this post was submitted on 16 Dec 2023
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[–] [email protected] 107 points 11 months ago (16 children)

Wow the value of a life I guess. I don’t really know what can come close to the value of a life, but this doesn’t seem like it.

[–] [email protected] 27 points 11 months ago (11 children)

What would be the value of life then? I’ll save you the answer: no matter how big the number you say, someone else will say bigger. Until it becomes priceless, which is the answer.

However death and accidental death isn’t always avoidable. And when we pin the fault on someone we cannot expect to say “priceless” is what they owe the victim’s family. So we assign an amount of money or time that hurts, and call it good.

Doesn’t mean life is worth that. And saying so doesn’t help anyone.

[–] [email protected] 11 points 11 months ago (3 children)

The U.S. uses the value of statistical life VSL. Here are the numbers from the Department of Transportation over the last 10 years or so.

So, it is interesting and egregious that the driver needs only pay $23K and Tesla pays nothing at all!

[–] [email protected] 2 points 11 months ago (1 children)

So according to this, the DoT values a life at $12.5M in 2022? I’m curious about their methodology.

[–] [email protected] 2 points 11 months ago* (last edited 11 months ago) (1 children)

You look at different jobs, how high the risk of dying is and how much they pay, and work out from that how much more pay people demand for say a 1% risk increase. Then you scale that up to 100% risk.

So if you were to work an average job no one has ever survived, and you died on the day you retire, you would've earned those 12mil

[–] [email protected] 1 points 11 months ago

Huh that’s kinda neat. Thanks!

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