L15 Flashcards
HOW MUCH DOES AN AR.TECH EARN?
23.50 $/HR 2021 IN QC
35 IN BC ( COST OF LIVING IS $$$ OUT THERE)
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HOW MUCH DOES AN AR. EARN?
45.49 $/HR 2021 IN QC
35 IN BC ( COST OF LIVING IS $$$ OUT THERE)
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HOW MUCH IS A HUMAN LIFE WORTH?
$300K IN 1982 BY OSHA
$10M 2020 VALUE
HOW MUCH IS A HUMAN LIFE WORTH NOW?
$ 3M
HOW TO DETERMINE HOW MUCH YOU WORTH
- AGE
- LOOK @ HOW MUCH YOU COULD MAKE IN YOUR LIFETIME
- ”” WHAT AGE YOU COULD RETIRE
- PRODUCTIVE YOU CAN BE IN YOUR LIFE
- HOW MUCH SALARY YOU PULL IN YOUR LIFE
- AVG INCOME
OSHA
OCCUPATIONAL
SAFETY & HEALTH ORGANIZATION
salary depends on 3 things? SKT
knowledge, skills, time
WHAT DO YOU CALL THE VALUE OF YOUR LIFE?
COST OF DEATH
WHY WOULD OSHA DO THIS?
- HAD TO ADVISE GOV’T ON LAWS
- LAW: WHAT SAFETY MEASURES ARE REQUIRED FOR PRODUCT? = PUT A WARNING LABEL, DO SOMETHING BUT IT COST SOMETHING TO PRODUCE
CAUSE OF NOT PUTTING WARNING LABELS ON PRODUCTS
MORE DEATH
- WE DON’T MIND BECAUSE PUTTING SAFETY MEASURES $$ COSTS MORE THAN A PERSON’S LIFE
WHAT MADE THE GOV.T PRIORITIZE PAYING FOR THE SAFETY LABELS?
- PREMIUM SAFETY
- DANGEROUS PROFESSIONS
= THEY COST MORE $$$$ THAN THE SAFETY LABELS
OSHA FOUND OUT THINGS ABOUT PPL CHOOSE AS A CAREER. GIVE EXAMPLES
- CONSTRUCTION WORKER
- POLICES
- ASTRONAUT
(DANGEROUS PROFESSION)
DO WE SHUT THE ECONOMY
DURING THE PANDEMIC?
YES, : It’s worth shutting down the economy during a pandemic.
TOO MUCH DEATH = ECONOMIC CRISIS
WHAT HAPPENED AFTER THE
ECONOMY WAS SHUT & REOPENED?
- THEY MADE UP EVERYTHING THEY LOST ! THE 20 TRILLION DEATH $!!!
3 METHODS OF COMPENSATION FEES
1- LUMP SUM
2- TIME BASIS
3- PERCENTAGE ( BASE FEE)