Human Life Valuation
Debates on assigning monetary value to human lives and weighing lives saved against economic costs or quality-of-life reductions in public policy, especially pandemic responses like lockdowns.
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I mean stick with math for everything. Value of a human life is ~10M [1] so it's pretty easy to undo 3.5M of damage if you spend decades helping people.[1]: https://www.npr.org/2020/04/23/843310123/how-government-agen...
Let's assume the saving of one life....
Surely the important number is per lives saved rather than per lives lost?
How do the costs not apply to the tens of thousands of lives that could have been saved?
Yes. I think that's a bit fishy. A life lost affects multiple people and potentially quite severely. Most people would happily accept their share of aggregate "lifespan reduction" if it stopped someone from suddenly dying. Premature bereavement can ruin lives.
That's something I didn't consider, you're right. I guess they have to weigh lives saved versus cost. A decision I am glad I don't have to make. Thanks for finding that data.
So saving several million lives produced no real value?
Lost monetary gains of some vs the lives of so many. Guess it depends on your point of view.
Are you factoring in the cost in human lives?
Agreed. But I suppose to save more lives, it is worth it?