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[CW: dead children] $200K is not enough of a deterrent to stop them from hiring children. (hexbear.net)

submitted 10 months ago by Yuritopiaposadism@hexbear.net to c/chapotraphouse@hexbear.net

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[-] wopazoo@hexbear.net 10 points 10 months ago

This is not the price of a human life as you define it, but American government agencies consider the price of a human life to be worth $10M, which is way more than the $200k fine.

GONZALEZ: These are pre-coronavirus numbers. But to convince workers to take this risk, companies have to pay them an extra $400 a year - each of them. So if I accept $400 to take a 1 in 25,000 chance of dying at work, I have revealed, essentially, a value that I put on my own life. And if the group of 25,000 people get $400 each, that's $10 million.

So that is today's value of life - $10 million.

https://www.npr.org/2020/04/23/843310123/how-government-agencies-determine-the-dollar-value-of-human-life