Money may not be everything in comparison to life when comparing something so immeasurably valuable but it’s safe to say that money can support a good life. Beyond our basic requirements, it can help us achieve the things that earthlings truly desire to make their lives more beautiful.By Cleopatra
The truth is, money allows humans to have the opportunity to make the best use of their talents, the power to choose life courses independently, and provide financial security. Universally, many good things can be done in life with money and suffering can be eliminated to make lives more happening and blissful but it doesn’t always go like that when you are walking a fine red line and balancing act.
Therefore, it is undoubtedly one of the most important things to survive life on earth but is it more precious than life itself? Well, there’s only one way to find out, let’s keep reading to discover more about this paradox lighting the candle boxes of space and time.
HOW DO YOU PUT A PRICE ON HUMAN LIFE?
For human beings, the question of how much money is a life worth or the idea of putting a price on human life is quite offensive because no price can be too high for life. However, during the Covid 19 pandemic that debuted in early 2020, many health experts and economists around the world gathered and started a debate on this controversial subject.
To be honest, the dollar value of life is changed in today’s time, albeit there have been limitations on how much earthlings are willing to spend in order to protect their health and life. No society can ever spend a limitless amount of money to protect life. Still, the price of human life can influence the regulatory decisions in governments and even put a man on the moon.
As a society, people have always been willing to incur the costs to save human lives and improve the overall public welfare and there’s no doubt about it. Moreover, when the government rules and forces carmakers for reducing air pollution to save earthlings with asthma, the price of human life goes up to the glass ceilings in heaven or looks right back at you.
Similarly, when any laws hinder factories from polluting in order to save the fisheries, the price of goods hikes up. There have been shreds of evidence that the cost-benefit analysis has been playing a critical role in the overall development of government regulations that further implement legislation. It’s safe to say humans aren’t invaluable.
HUMAN LIFE VS THE ECONOMY
The value of human life measured in terms of earnings is actually a basic tool for program planners, economists, and government administrators who’re interested to measure the social benefits attached to investments in certain programs shining like stars above in a milky way.
For example, several public programs along the watch tower include:
- Eradication of diseases
- Accident Control
- Highway construction
- Vocational rehabilitation
- Housing and welfare
- And floor control
The valuation of human lives is the basic requirement for the calculation of the perks to be derived. This is the reason why economists are emphasizing the idea of cost-benefit analysis to be equipped with adequate tools for analysis.
A REAL-WORLD EXAMPLE
As an illustration, if a carpenter whose work is facilitated and the product is improved when the equipment and materials are available, the economists should be well equipped with the tools to analyze his trade to put a price on what this earthling’s life is worth but in a real-world example, life is worth so many pennies per hour as the hands of time never stop turning and moving forward.
At large, if human life and the economy are correlated, the aim of evaluating human life based on economic worth is to make sustainable government and welfare programs more attainable. In contrast, the value, in this case, will determine the productivity of that life which may vary according to the sex, age, and educational qualification of the person.
WHAT’S THE VALUE OF LIFE IN TIME AND SPACE
For decades, we have been hearing the term, “time is money.” It simply means that those who believe in this context don’t like to waste it as it’s significant to them but how much is it worth is often measured in time in space of freedom vs enslavement to someone else’s hours or demands that require mankind to give them 40 hours per week.
CAN LIFE EXTEND SPACE AND TIME BEYOND THE LIBRARY WALLS?
To just what extent space and time can extend life by adding years to someone’s life can be valued in comparison to human existence typically comes to judgment where humans are forced to see the relationship between time and money. At the end of any day on earth and regardless of an earthling’s net value, their life supersedes everything found in any textbook on the shelf.
Here are three interstellar illustrations of extending human life:
- Sleep: How much money can a human being afford to spend for extra hours of sleep each night depends on if they got enough sleep due to working, studying, or other constraints that beg to pay for an extra hour. Several studies have reported that the more an earthling feels the need for more sleep, the more they are willing to pay.
- Money: Although it’s safe to say that for most human beings more money and time are both good assets. Nevertheless, to get the most out of human life, it’s important to have a proper budget and spend money carefully. Otherwise, money won’t be much helpful in making lives any better or sustainable for long-term investments.
- Time: Human beings shouldn’t always evaluate time in terms of monetary value, rather focus on the question of how much is your time worth can make earthlings more obsessed with materials goods, and money which will lower happiness in comparison with experiences earthlings gather on the financial institutions on earth.
In the terms of economic impacts when the value of extending human life is based on the number of cash assets and impeccable credit ratings, it leaves the less fortunate to suffer with inadequate medical attention and even failed health coverage, leaving many earthlings unable to pay for medications that save their lives but allows others to live.
HOW MUCH IS A HUMAN LIFE WORTH?
According to top financial industry experts, the estimated value of human life is $10 million USD. However, this equation doesn’t factor in the price for death and is known as a VSL or the value of statistical life. It is also a shame that some people don’t even value human life whatsoever and live in a world that has gone cold.
At the end of a hot and universal topic, there is no amount of money that can replace the value of human life or be equivocally measured between the coins of black crows, stamped silver eagles, or gold NFTs on the mint presses of sand and stone because when it’s gone, what’s left here on earth remains a mystery for some but for others who believe in Christianity, the net cast is eternal life.