Monday, January 15, 2007

Risk-Reward Failure

This survey of the most dangerous jobs in America reveals some significant assymetries of benefit to cost. For instance, the AVERAGE farmer makes $29,000 annually and is twice as likely to die on the job than a policeman. Four times more likely is death for farmers at work than even firefighters. Having myself lived in a significant farm economy at one time, I recognize that many areas still significantly dependent on farming offer few opportunities for work. However, if that were my lot, I would seriously consider a relocation.