On Fri, 09 Oct 2015 12:33:06 -0500, Tim Wescott
wrote:
On Fri, 09 Oct 2015 10:19:06 -0500, F. George McDuffee wrote:
On Fri, 9 Oct 2015 16:36:21 +0930, Bluey69
wrote:
snip
Yes we are now under the control of the WHS stazi and all it does is
cause frustration and drives the cost of making any thing through the
roof.
/snip
=====================
A good example of what I have referred to before as enterprise v
holistic/aggregate accounting.
An enterprise logically attempts to maximize their cost externalization
[foisting their costs off on someone else,
generally the taxpayer]. Such costs can include those resulting from
on-the-job injuries, i. e. long-term disability or death benefits.
On the other hand, it is impossible to externalize costs with holistic /
aggregate accounting, thus the divergence in conclusions.
Indeed, this can be extended to "executives" in that they can realize a
short term "profit" by skimping on maintenance and safety equipment so
as to put the entire enterprise (stockholders' investment capital), as
well as individual employees, at increased risk, e. g.
http://www.latimes.com/local/lanow/l...obil-refinery-
explosion-20150813-story.html
https://en.wikipedia.org/wiki/Texas_...nery_explosion
https://en.wikipedia.org/wiki/Deepwater_Horizon
https://en.wikipedia.org/wiki/Upper_..._Mine_disaster
https://en.wikipedia.org/wiki/Sago_Mine_disaster
It is suggested that the total effect of safety regulations on a
national economy should be considered, not just the momentary short-term
effect on a specific enterprise or economic sector, as this is highly
misleading.
I agree wholeheartedly, but it should apply both ways -- having someone
who doesn't understand the machining process rendering a machine useless
with unnecessary "safety" features doesn't help anyone. More
specifically, if the "safety" feature needs to be defeated to get work
done, and the machine + defeated safety feature is less safe, then the
"safety" feature becomes a detriment to both safety and long-term cost.
===============
Agreed.
--
Unka' George
"Gold is the money of kings,
silver is the money of gentlemen,
barter is the money of peasants,
but debt is the money of slaves"
-Norm Franz, "Money and Wealth in the New Millenium"