Monday, August 04, 2008

American Life Drops $1 M

This American life - what's it worth? About $6.9 M according to the EPA. That's down one million from five years ago. What about inflation?!?! More.

Instead, economists 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. Most of the data is
drawn from payroll statistics; some comes from opinion surveys.
According to the EPA, people shouldn't think of the number as a price
tag on a life.

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