In Reply To:
Trio, I suspect that Larry is being sarcastic.
Still, I have to agree with his post, however he meant it. I'm under the impression that the coal mining industry has made great strides in safety in recent years. (Maybe due in large part to regulation, or not- I don't know.) It's, you know, one of those inherently dangerous activities.
Or one could conclude that you want to lower the bar for industrial responsibility to the point where multiple deaths and mayhem are acceptable costs of doing business and not news. Multiple deaths and mayhem
are acceptable costs, and not news, in a whole lot of contexts. Drive lately?
Perhaps, but a key difference between driving and mining (I can't believe I have to write this) is that in mining many of the safety decisions are either taken out of the miners' hands or beyond his purview. At least when one drives, there are things one can do to mitigate risk. While a miner can say, not smoke down there, a lot of the safety comes from the employer and probably include systemic management issues they can't control. Not to mention the economic necessity part of the equation.
Of course mining is inherently "dangerous" versus let's say, accounting. The only question is how dangerous and what we consider a tolerable cost. The problem here is one of assymmetric incentives. While most of America will care exclusively about the monetary cost of coal and its drivers, miners and their families will probably have a slightly more nuanced view about the cost which incorporates a bunch of other issues, including death. In a perfect system, these would be the same number, but my perception is that mines, like meatpacking plants and steel mills, are typically in places where the labor force doesn't have a lot of options, this brings in the problem of imperfect labor competition. And so the costs borne may not be aligned.
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