This was one of my favorite Planet Money episodes. Great to see it converted to a fun video short. Now go listen to the full Planet Money episode if you haven't.
The brick cordless (or maybe even mobile phone?) was brilliant. Reminds me of that mobile phone in 'Hot Tub Time Machine'. I would be interested in how they evaluate that number now. The premise is that less dangerous occupations typically pay less than the more dangerous occupations (when dealing with toxic elements). Was the comparison made across all occupations that didn't have any interaction with toxic chemicals (like someone that cleans crime scenes, works in oil fields, etc...compared against your generic office worker), or was it strictly against occupations that handle at least some form of toxic chemical (asbestos) or element (lead, radioactive substances, etc...), at least once in their day-to-day routine? I'm curious as the greater an economy leans towards service sector and away from manufacturing, one could assume that valuation becoming less and less centered on the amount of money yielded simply by their increased economic compensation derived by those occupations that aren't put into such danger, but more so the total economic impact of their cost of death, but also including loss of economic activity they would have generated, along with loss of economic activity potentially generated by their theoretical offspring (or actual if they already have offspring). I think this would yield a number even greater than 14 billion as you're taking into consideration total economic contribution loss. I suppose either way, it's probably still enough to validate the labels being more than worth it regarding warning workers about toxic material they could be handling. However, the number *could be* useful in that it would have a greater legitimacy in proposing stricter environmental protections whenever "economic cost" is argued as a factor to not implement a new regulation, renew an existing one, or even update regulations (which is probably more helpful than simply creating a new one).
Well Done home-grown, eloquently presented for 5-500 age audiences. Beautifully rendered reminders of my public education and 70+ years. Kudos to yous.
areamusicale they are talking about the average person. Maybe you are exceptional, maybe you are worthless. Just kidding btw. Everyone is born worthless but i am sure you are valuable in many ways ( if not now then eventually).
Sounds eerily similar to the formula implemented by the insurance company that the main character of that movie that we aren't allowed to mention the name (the fraternal order dedicated to fighting...) works for. A + B = c if c is less than the cost of a recall we just quietly pay the wrongful death lawsuits knowing we still saved a bunch of money.
Go tell it on a Mountain. You stabbed out some digit Analog, that is, through the symbolic ‘key’ (analog again) physical constructions- that then (casual gesture) converted to electrons crossing a keystroke gate under your analog fingertip. Nuff said?
If they were really serious about valuing human life, they'd integrate over the value people set on their life at different times. How much money do some people spend at the end of their lives to get an extra 3-6 months? It's a lot more per day of life than what someone is willing to spend when they're younger, perhaps $500k or more per year.
So if every person in the country is worth $10M and $10/40-50 years for a career is $200-$250k a year then that means most Americans are vastly underpaid.
I didn’t know OSHA was run by the older teen sister in a late 80’s kids movie ! Now I’m willing to suspend disbelief and ignore that obvious OLED screen posing as a CRT monitor 📺, but there is no way you’re going to get me to believe that guy was using a TI-83 ... in NINETEEN eighty-three !
@@JaySantanaofficial kek I said union as in trade union, Not the armed forces. No one's risking their lives on a union job anymore unless they want to risk getting laid off. Insurance premiums are too damn high
Utter garbage (both the math, and the video production). First, if you wanted to know how much people value their own lives, you can look at how much life insurance they buy. Hint: nobody insures themselves for millions of dollars. Second, you're not taking into account other motivations government has. They may want to save lives, but they also want to appear compassionate, control larger bureaucracies, spend public funds, deter citizen complaints, avoid lawsuits, etc... Third, in the example given, government doesn't print the labels, they are printed by the chemical makers, shippers, and users. The government is assigning a cost to be born by others. How much money would they spend if the money came from their own budgets? Hint: it's less. I could go on, but this video made me sleepy.
Production value is on point 👌🏿😂
O-maZing
This was one of my favorite Planet Money episodes. Great to see it converted to a fun video short. Now go listen to the full Planet Money episode if you haven't.
This is ridiculously good. Love everything about this format, the content, the writing, the tone - just great. Keep it up
Thanks a ton!
I hate you
@@brittanyn478 LOL
This is such a crazy story!! Love the video style though 😂
The brick phone was the best part!
The brick cordless (or maybe even mobile phone?) was brilliant. Reminds me of that mobile phone in 'Hot Tub Time Machine'.
I would be interested in how they evaluate that number now. The premise is that less dangerous occupations typically pay less than the more dangerous occupations (when dealing with toxic elements). Was the comparison made across all occupations that didn't have any interaction with toxic chemicals (like someone that cleans crime scenes, works in oil fields, etc...compared against your generic office worker), or was it strictly against occupations that handle at least some form of toxic chemical (asbestos) or element (lead, radioactive substances, etc...), at least once in their day-to-day routine?
I'm curious as the greater an economy leans towards service sector and away from manufacturing, one could assume that valuation becoming less and less centered on the amount of money yielded simply by their increased economic compensation derived by those occupations that aren't put into such danger, but more so the total economic impact of their cost of death, but also including loss of economic activity they would have generated, along with loss of economic activity potentially generated by their theoretical offspring (or actual if they already have offspring). I think this would yield a number even greater than 14 billion as you're taking into consideration total economic contribution loss.
I suppose either way, it's probably still enough to validate the labels being more than worth it regarding warning workers about toxic material they could be handling.
However, the number *could be* useful in that it would have a greater legitimacy in proposing stricter environmental protections whenever "economic cost" is argued as a factor to not implement a new regulation, renew an existing one, or even update regulations (which is probably more helpful than simply creating a new one).
Gotta love the 80's brick phones 😂
Well Done home-grown, eloquently presented for 5-500 age audiences. Beautifully rendered reminders of my public education and 70+ years. Kudos to yous.
Wow, I thought I was worthless.
areamusicale they are talking about the average person. Maybe you are exceptional, maybe you are worthless. Just kidding btw. Everyone is born worthless but i am sure you are valuable in many ways ( if not now then eventually).
I'm still wondering why the labels cost so much
The government red tape chews up 90% ;)
IS THIS WHY THE BORDER IS NOT SECURED PROPERLY? MILLIONS OF PEOPLE ENTERING OUR COUNTRY....IS IT MAKING OUR COUNTRY RICH?
Sounds eerily similar to the formula implemented by the insurance company that the main character of that movie that we aren't allowed to mention the name (the fraternal order dedicated to fighting...) works for. A + B = c if c is less than the cost of a recall we just quietly pay the wrongful death lawsuits knowing we still saved a bunch of money.
Go tell it on a Mountain. You stabbed out some digit Analog, that is, through the symbolic ‘key’ (analog again) physical constructions- that then (casual gesture) converted to electrons crossing a keystroke gate under your analog fingertip. Nuff said?
Does this apply to the whole world?
If they were really serious about valuing human life, they'd integrate over the value people set on their life at different times. How much money do some people spend at the end of their lives to get an extra 3-6 months? It's a lot more per day of life than what someone is willing to spend when they're younger, perhaps $500k or more per year.
They address this question in the full episode. I suggest you give it a listen.
3:05 - Lol, the 1980's cell phone is a brick. Pretty close to accurate. Hehe
wonder how they estimate number of lives saved by putting labels on stuff...
Me=jaw dropped open because this piece is so incredible
So if every person in the country is worth $10M and $10/40-50 years for a career is $200-$250k a year then that means most Americans are vastly underpaid.
Omg, i lol irl with that brick phone
OK then why have never even had a million and I've worked over 25 years
net worth 10 mil everybody out here bein hunted
Are we still owned by the crown? Do we still pay taxes to the crown? I think we do
They had MacBooks in the 1980's
Bruh got a brick and a pencil
did they fr use a brick and a pencil as a phone
infinity of money
Sucks that we have to have monetary value to like. Deserve to live in a society We are building tho?
Something seems to be missing.
I didn’t know OSHA was run by the older teen sister in a late 80’s kids movie !
Now I’m willing to suspend disbelief and ignore that obvious OLED screen posing as a CRT monitor 📺, but there is no way you’re going to get me to believe that guy was using a TI-83 ... in NINETEEN eighty-three !
How about 1 billion dollars
Not worth enough for Medicare. Why won't NPR ever talk about that??? Manufacturing consent.
Wow you came close to understanding part of the wage gap... congrats
800,000.00 aborted babies in heaven going..🤔
It's always funny the commonsense things that at one point someone needed. And this is why we need regulations.
life is priceless. join a union.
Ya life not worth me risking mine for u tho
@@JaySantanaofficial kek I said union as in trade union, Not the armed forces. No one's risking their lives on a union job anymore unless they want to risk getting laid off. Insurance premiums are too damn high
What is this NPR a high school research project?
Remove the labels and let the herd thin naturally..
Utter garbage (both the math, and the video production).
First, if you wanted to know how much people value their own lives, you can look at how much life insurance they buy. Hint: nobody insures themselves for millions of dollars.
Second, you're not taking into account other motivations government has. They may want to save lives, but they also want to appear compassionate, control larger bureaucracies, spend public funds, deter citizen complaints, avoid lawsuits, etc...
Third, in the example given, government doesn't print the labels, they are printed by the chemical makers, shippers, and users. The government is assigning a cost to be born by others. How much money would they spend if the money came from their own budgets? Hint: it's less.
I could go on, but this video made me sleepy.
300 is such an arbitrary number to produce for the risk of being at work, the concept still stands though.
This pure bullshit!