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Actually it’s much worse than that. $277 billion is the economic cost of car accidents. The cost including lost wages and human suffering is estimated at $871 b
by zaroth 7y ago
Actually it’s much worse than that. $277 billion is the economic cost of car accidents. The cost including lost wages and human suffering is estimated at $871 billion per year. [1]
There’s a difference between direct revenue & expenses and second-order effects.
As a second order effect, roads are necessary for something on the order of $10 trillion of economic activity in the US.
It’s a high price to pay to be sure, for the modern world. I look forward to self driving technology significantly reducing that number over the next 10-15 years.
[1] - https://www.pbs.org/newshour/nation/motor-vehicle-crashes-u-s-cost-871-billion-year-federal-study-finds https://www.pbs.org/newshour/nation/motor-vehicle-crashes-u-...