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 Originally Posted by BananaStand
If you're working with a highly corrosive acid, then it might not be bad for anyone if there were some kind of rule that requires your employer to maintain an up-to-date library of MSDS's and keep it prominently located in the shop.
At what dollar cost and what opportunity cost? Each of government and employers/employees/consumers care about safety and they each try to get as much *safety-value as they can. Using the price system and allowing employers/employees/consumers to choose makes the most amount of safety-value.
Do you propose that bureaucracy is more effective at creating safety-value for employers/employees/consumers than employers/employees/consumers are?
Also, it's not just employees and employers that have to be considered. Imagine a truck driver sitting behind the wheel for 90 hours a week. Maybe he likes the overtime, and maybe the employer is willing to pay it because the freight just has to get delivered. But if you're driving with your family, do you wanna be on the same road as that 90hr trucker?
You're right that I should have mentioned the choice of consumers as well.
*Since economic status depends on the perceived value of those who perceive it, every status, like safety, is thought of in terms of the value it brings. In obvious terms: if it costs $1,000,000,000 to implement a system that saves one life yet other systems would save more lives for cheaper, opting for the former system is reducing total safety even as it is increasing safety in isolated terms. Further, since nothing has an infinite value, not even safety, people can be better off when less safe if that safety costs too much since they would rather have other things instead of that costly safety.
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