Who decides when it’s okay to sacrifice human lives to save money? Ostensibly, the Federal Aviation Administration. The problem is that most airline safety improvements are assessed from a cost-benefit viewpoint. To quantify the “benefit” side of the equation, a dollar amount is assigned to each saved human life. As calculated by the Urban Institute in 1991, you are worth $2.7 million. “That’s the economic value of the cost of somebody dying and the effects it has on society,” said Van Goudy, the FAA man I spoke with.
