# The value of a human life

Discussion in 'Politics, Religion, Social Issues' started by jnpy!\$4g3cwk, Nov 24, 2013.

1. ### jnpy!\$4g3cwk macrumors 65816

Joined:
Feb 11, 2010
#1
In a previous thread, I posted that the value of a human life is calculated by various agencies using a range of values that are, using a scientific term, on the Order of Magnitude of \$10M.

Health insurance plans have a different standard, though: \$50,000 for a year of quality life. Assuming an average 70 years, that comes in a little low at only \$3.5M. Here is a slightly outdated article, although I recently saw the same \$50,000 figure unchanged.

http://content.time.com/time/health/article/0,8599,1808049,00.html

The researchers were arguing that the real figure should be \$129,000 per year. That is more in line with other valuations. But, whatever the economic figure, it gets ugly at some point:

2. ### Huntn macrumors P6

Joined:
May 5, 2008
Location:
The Misty Mountains
#2
If the value of a life is reduced to a monetary figure, it can be measured based on it's impact to the family when it is removed. If your salary was \$100k per year and you were 30 when you were killed, a lawyer might argue that your value to your family represents 100k x 30 (to age 60) or \$3 million.

3. ### lostngone macrumors 65816

Joined:
Aug 11, 2003
Location:
Anchorage
#3
Anywhere from \$5.00 to \$1800.00 depending on things like grade of material, where and if you buy the material in bulk.

4. ### Grey Beard macrumors 65816

Joined:
Sep 10, 2005
Location:
The Antipodes.
#4
Did you come from the \$5.00 bin?

KGB

Joined:
Aug 11, 2003
Location:
Anchorage
#5
Nope

6. ### mobilehaathi macrumors G3

Joined:
Aug 19, 2008
Location:
The Anthropocene
#6
Oooh, are we putting monetary value on people's lives?

7. ### Shrink macrumors G3

Joined:
Feb 26, 2011
Location:
New England, USA
#7
Sure...and perhaps the figures bandied about need to be modified to take into account the value of the gold fillings and crowns in peoples' mouths. I hope that was figured into the \$5 - \$1800 figure...along with the value of the standard equipment components.

Proved to be of some considerable value in the past.