What is the monetary value of a person’s life? Vanderbilt economist W. Kip Viscusi says putting a price tag on the value of a person’s life makes people and products safer.
Viscusi defines the “value of statistical life” or VSL as the dollar amount that people are willing to pay to avoid an expected death tied to a faulty product or job-related accident. His current estimate of the value of statistical life is $10 million.
The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) has announced the availability of $10,537,000 in state grant funding to provide federally mandated training and retraining of miners and mine operators working at surface and underground coal and metal and nonmetal mines.
Riggio Valve is a family-owned small business in Bayonne, New Jersey, that performs rebuilding, welding, and machining services.
Several years ago, owner and president Vin Riggio set out to improve his company’s workplace safety and health program.
Workers in the utilities sector are at a higher risk for serious injuries and fatalities (SIF) than other industries, such as construction, manufacturing and mining, according to a recent study by DEKRA Organizational Safety & Reliability. SIF is defined as life-threatening, life-altering and fatal incidents in the workplace.
Xcel Energy has been cited for three “serious” safety violations in connection with an electrical explosion at its Becker, Minn., power plant last summer that left three workers significantly injured.
A man who suffered serious burns in a suspected arc flash incident at the Central Norseman gold mine in Australia was reported in a stable condition at a Perth hospital.
The Department of Mines, Industry Regulation and Safety confirmed it was investigating the incident.
According to Zion Market Research, the global arc flash protection market was valued at $1.86 billion in 2017 and is expected to reach $2.50 billion in 2023, growing at a CAGR of 5.1% between 2018 and 2023.
The Trump administration wants to merge the Departments of Labor and Education into one entity that would be called the Department of Education and the Workforce, according to news sources.
The proposal was announced at a cabinet meeting yesterday.
Death by Trench: Equipment World has just completed a special report on trench hazards and the dozens of preventable deaths that happen ever year. Most chilling is the piece on survivors who tell of the terror they felt being buried under tons of soil.
Low back strains, carpal tunnel syndrome, and other soft-tissue musculoskeletal injuries are the most frequent causes of missed workdays in the United States, and most result from ergonomic, slip, trip, or fall hazards, according to the Bureau of Labor Statistics.
