News Tagged ‘Ivey Memo

How much is your life worth?

So how much do you think your life is worth? $100M? $20M? $420? According to a 1973 General Motors memo, the value of your life is $200,000. Evidently, GM saved over $250M by letting a few hundred people burn to death in their cars.

For nearly 30 years, automobile manufacturers have skirted the issue of fundamental design flaws that make cars prone to catch fire when involved in a crash. Engineers know how to relocate fuel tanks to make them less likely to leak or suffer punctures, but manufacturers have never been held responsible for ensuring their vehicles are safe.

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