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this post was submitted on 16 Dec 2023
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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!
So according to this, the DoT values a life at $12.5M in 2022? I’m curious about their methodology.
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
Huh that’s kinda neat. Thanks!