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It seems theoretically sound: the profitably threshold for accidents is lower than the threshold most people are comfortable risking their lives for a job for,
by tjs8rj 4y ago
It seems theoretically sound: the profitably threshold for accidents is lower than the threshold most people are comfortable risking their lives for a job for, so a for-profit company is pressured to lower standards to the most profitable level (eg having people continue to work around a safety accident).
You can always ensure the profitable accident level stays above this with steeper penalties from regulation though.
- eru 4y agoWell, either steeper penalties via regulation, or via competition for labour: > [...] the threshold most people are comfortable risking their lives for a job for [...] This suggests that employers with a reputation for danger would have higher labour costs.