Re: re: jamoco
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I missed a whole mess here....
OSHA established at the end of 1970, hmmmmm,,, let's see: "it is estimated that in 1970 around 14,000 workers were killed on the job. That number fell to approximately 4,340 in 2009. At the same time, U.S. employment has almost doubled and now includes over 130 million workers at more than 7.2 million worksites. Since the passage of the OSH Act, the rate of reported serious workplace injuries and illnesses has declined from 11 per 100 workers in 1972 to 3.6 per 100 workers in 2009."
That sounds like a money grab for sure. By keeping all those workers alive and able bodied they can pay taxes.
OSH Act like any other regulatory act provides a level playing field so that all employers are supposed to play by the same rules thus one isn't at a competitive disadvantage. In this case it also improved the workplace for employees. I believe the numbers bear that out.
As for WC TreeCo, the rate is established by 2 factors hazard rating of the industry and the hazard rating of the employer.
Given that the industry rating is a function of workplace accidents and not just claims. Those deaths and, serious injuries that result in hospitalization and some type of investigation, would be on the actuarial radar. Individual mod factors are a function of the individual employer's track record of claims and workplace procedures. Large companies need to have professionals working on this because they are the ones that are more likely to be inspected and by virtue of sheer numbers suffer a workplace accident that will adversely affect their bottomline. If they can keep their numbers down then they will save big time on WC. For example, on a million dollar payroll at 18% manual rate(established by industry hazard rating) your mod factor (established by company's hazard rating) if went from a 1.2 to a .8 you'd realize a $72,000 savings on your WC premium. The cost of PPE and all the other safety procedures required in the workplace are offset by the savings of this and the reduced loss time expenses. Simple math.
I'm of the mind that a workplace that is safe is better economically for the individual employee, the employer, the industry, the municipality, the county, the state and the country as a whole. We really can't afford to be killing and maiming our workforce. We in the end have to pick up those broken pieces and clean up the mess left behind.
As for my political leanings, put me in the center. In my youth I was a card carrying conservative. I vote based on who will best act as the voice for the constituency they represent, not the one that may follow a party line because it's good for me regardless of the community I reside in.
At the end of the day, I still have to get up and perform, whether it's operations, sales, production or what have you. Yes, I have to compete with the hacks in pick ups, the unscrupulous, the old schoolers, the big boys and, the professionals. I have to overcome the client's objections based on these prices and practices. Sometimes I win and sometimes I lose. I learn from every missed opportunity and mistake.
Not sure what all that makes me except who I am.
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"OSH Act like any other regulatory act provides a level playing field so that all employers are supposed to play by the same rules thus one isn't at a competitive disadvantage. In this case it also improved the workplace for employees. I believe the numbers bear that out."
It's not government that keeps it equal, its competition. Things get better because of free market.
Treehumper, you can't cheat a cheater... Copy and paste off OSHA website doesn't work for me. How do you think I got through public school?
The rate of workplace fatalities was dropping at the same rate before OSHA was established. That's a fact.
There is a limit to workplace safety. It has to do with the wealth of the society. As it becomes wealthier, we invest in more capital equipment, as workers become more productive, their wages increase. Those workers and companies can then opt for taking that increased wealth to make a safer workplace. Don't be fooled and give the government the credit, it's us, the working people that deserve it.
I give you a big red REDO!