It is very much worse than that. Regulators cost those regulated 20 time as much as they cost their employers so 200,000 regulators destroy the wealth produced by 4 million workers. Each 1% of foregone GNP costs 13,000 lives a year(everything from worse medical care to not being able to afford enough heating). So the elfin exec cost 234.360 preventable deaths each year – see http://a-place-to-stand.blogspot.com/2009/01/health-safety-executive-regulating-for.html
Chuckles
“The effect of ‘elf’n’safety bureaucracy on workers’ safety.”
I am reminded of that estimable Zulu derivation – fokol,
It is very much worse than that. Regulators cost those regulated 20 time as much as they cost their employers so 200,000 regulators destroy the wealth produced by 4 million workers. Each 1% of foregone GNP costs 13,000 lives a year(everything from worse medical care to not being able to afford enough heating). So the elfin exec cost 234.360 preventable deaths each year – see http://a-place-to-stand.blogspot.com/2009/01/health-safety-executive-regulating-for.html
“The effect of ‘elf’n’safety bureaucracy on workers’ safety.”
I am reminded of that estimable Zulu derivation – fokol,
meaning ‘very little’.