this post was submitted on 16 Dec 2023
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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!