It’s worth pointing out that these numbers don’t exactly represent either of the things that the parent comment talked about. These are the statistical
economic effect of people dying on average, but this is not meant to be taken as putting a number on all the value of human life. Note the DOT doesn’t call it the “value of life”, they call it the “value of a statistical life (VSL)” in an attempt to help distinguish between those two different ideas.
“This conventional terminology has often provoked misunderstanding on the part of both the public and decision-makers. What is involved is not the valuation of life as such, but the valuation of reductions in risks.”
https://www.transportation.gov/sites/dot.gov/files/2021-03/D...
Additionally, these numbers do not represent the threshold for whether a given proposal for roads is undertaken. They are used to inform the process, along with other relevant factors. That ‘Guidance’ like just above is interesting reading, they take time to point out that neither the economic data nor the risk data is perfect. (Perhaps that was obvious, but it’s good to know they recognize that fact officially in their analyses.)
The VSL for 2023 is 13.2 million, and one might assume based on the recent trend that it’s probably around ~$14M for this year. It’s good for our personal safety the higher their VSL estimate goes, but as parent noted, bad for our taxpayer pocketbooks, so we try to balance those forces. I know government processes can look bureaucratic and strange from the outside, and seem like a big machine we don’t control, but ultimately we do decide as a society how much we’re willing to pay to keep ourselves safe; public sentiment and tax/anti-tax pressures do have a massive influence in what gets done.
https://www.transportation.gov/office-policy/transportation-...