The primary goal of all accident prevention programs is to keep employees safe and healthy. The secondary goal is to keep medical and compensation costs low. According to the National Safety Council, injuries cost employers $206.1 billion in 2013. For comparison, the entire GDP of Peru is only $202.9 billion, according to the CIA World Factbook.
Read on to see what else you could buy with the cost of workplace injuries.
With the total cost
Altogether, the total cost of workplace injuries is a staggering amount of money. You could buy some pretty cool things with all that dough.
- A whole fleet of space ships. NASA said that one space shuttle costs $1.7 billion dollars. At that rate, you could buy 121 shuttles and still have enough money left over to deck them out with all the comforts and luxuries of home.
- A Hadron Collider for 43 of your best friends. Forbes magazine reported that the Large Hadron Collider cost about $4.75 billion to construct, meaning you could easily purchase a few dozen of them.
- Uber. The entire corporation is only worth $200 billion according to Bloomberg, which would leave you with a cool $6 billion to upgrade all the cars to luxury models.
With the cost of fall and slip injuries
In 2013, the cost of worker’s compensation for fall and slip injuries totaled $8.6 billion. If more workers were equipped with slip-resistant shoes, this number could possibly go down. Here’s what you could buy:
- 34,400 tickets to space. CNN reported that the price of a ticket on Virgin Galactic, which actually leaves the Earth’s atmosphere, goes for the low price of only $250,000. That means you and your three closest friends could travel into space every day for 23 years.
- 336 years’ worth of rent for the entire country of Liechtenstein. The Guardian reported that you can rent the country of Liechtenstein for $70,000 a night. At least four generations of your family could live there without worrying how to pay the bills.
With the cost of a falling injury per worker
The average worker’s compensation claim for a falling or slipping injury per employee is about $43,000. Here’s what each one of those workers could buy instead:
- 30 60-inch 4K HD TVs. For the average cost of a fall injury, you could panel all the walls of your home with crystal clear top-of-the-line HD televisions.
- 10 trips around the world. The average price of one round-the-world plane ticket costs about $4,000. If you only went five times, you could spend every night in a 5-star hotel.
Gripping news brought to you by Shoes For Crews, the trusted leader in safety footwear for more than 30 years.Share this article