Tuesday, February 22, 2011

As U.S. Agencies Put More Value on a Life, Businesses Fret

http://www.nytimes.com/2011/02/17/business/economy/17regulation.html?_r=1

WASHINGTON — As the players here remake the nation’s vast regulatory system, they have been grappling with a subject that is more the province of poets and philosophers than bureaucrats: what is the value of a human life?

The answer determines how much spending the government should require to prevent a single death.

To protests from business and praise from unions, environmentalists and consumer groups, one agency after another has ratcheted up the price of life, justifying tougher — and more costly — standards.

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