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It allows Walmart to care less about safe working conditions for its employees.
by jessaustin 5y ago
It allows Walmart to care less about safe working conditions for its employees.
- gruez 5y agoIs there any evidence they're doing that? Moreover, if they would do that, wouldn't that be already be priced in by the insurance company, wiping out any potential gains?
- jessaustin 5y agoThere may be evidence but I don't know about it. If we were talking about insurance for property damage, I could almost agree with the "priced-in" idea, [EDIT:] although that assumes a very efficient torts system for the third parties who suffer damage to their property. There is an inherent asymmetry when we're talking about the health and lives of third parties, however. If anything firms should be encouraged to care more about not killing their employees.