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by bradleyjg
3165 days ago
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According to the most recent data from the Department of Transportation, there are 11.3 million motor vehicle accidents a year in America, with 2.4 million people injured in said accidents. 2016 was the deadliest year in almost 10 years, with about 40,000 traffic deaths—up about 2,000 over 2015. The economic impact of car accidents is almost as staggering as the numbers of injuries and lives lost. The total economic impact of car crashes is a whopping $871 billion in the U.S. (http://www.thedrive.com/sheetmetal/13792/car-accidents-cause...) The revenue of the entire restaurant industry is less than that total economic impact ($799 billion http://www.restaurant.org/News-Research/Research/Facts-at-a-...) |
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The Economic and Societal Impact of Motor Vehicle Crashes https://crashstats.nhtsa.dot.gov/Api/Public/ViewPublication/...
Note that these numbers are made up to a certain degree, much more so than the restaurant industry numbers, and so they are not necessarily comparable. The NHTSA puts the value of one life at $8.86 million (in 2010 dollars) [p. 114 of the report]. For 40,000 deaths, that's already $354 billion. They then add other costs, too, which are also hard or impossible to measure.