The value of a human life

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

  1. jnpy!$4g3cwk macrumors 65816

    jnpy!$4g3cwk

    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.

    http://forums.macrumors.com/showthread.php?t=1671181&page=15

    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 Here is a slightly outdated article, although I recently saw the same $50,000 figure unchanged.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 G5

    Huntn

    Joined:
    May 5, 2008
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    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 demi-god

    lostngone

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    #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

    Grey Beard

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    #4
    Did you come from the $5.00 bin?

    KGB:cool:
     
  5. lostngone macrumors demi-god

    lostngone

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    #5
    Nope
     
  6. mobilehaathi macrumors G3

    mobilehaathi

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    #6
    Oooh, are we putting monetary value on people's lives?
     
  7. Shrink macrumors G3

    Shrink

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    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.




    Lovely thread...
     
  8. skunk macrumors G4

    skunk

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