Tuesday, July 15, 2008

Govt. Calculation for Value of Life Falls… Again

When considering regulations, the government assigns a value to individual human lives to weigh the costs (how much it will take to enforce a regulation) and benefits (the combined value of all the lives saved). The value of an individual is determined by the EPA, and it’s fallen steadily from around $8 million in 2001 to $6.9 million this year, reports MSNBC.

Pound360 personally feels like a million bucks. Usually does. So we were pretty thrilled to hear we were worth seven-times that! But that’s neither here-nor-there…

Talk about adding insult to injury. Thanks EPA. As if it weren’t bad enough that housing prices are crashing, the stock market is in free fall, gas prices are up and it costs more to buy a sack of groceries.

Could the falling value of an American have anything to do with the falling value of the dollar? Maybe it’s the president who’s been in office since 2000?

"Some environmentalists accuse the Bush administration of changing the value to avoid tougher rules,” reports MSNBC.

The EPA gets their number from economists that “calculate the value based on what people are willing to pay to avoid certain risks, and on how much extra employers pay their workers to take on additional risks.”

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I started pound360 to channel my obsession with vitamins, running and the five senses. Eventually, I got bored focusing on all that stuff, so I came back from a one month hiatus in May of 2007 (one year after launching Pound360) and broadened my mumblings here to include all science.