I suspect prospective workers could get an idea of the safety risks by trying to talk with people who worked or work there. They could wait for them nearby the workplace. In some cases, they could also just work there to understand the conditions, and then quit if they do not like them.
I agree greater transparency about the working conditions is good, but I worry governments or unions pushing for rules on this may impose more costs than benefits.
I am not informed about Kerala’s case study. I guess there are many cases that fit my narrative, and others that do not. However, in general, I am very confident that having a higher income increases the willingness to pay for health. The value of a statistical life tends to increase with income.
Thanks for the follow up.
I suspect prospective workers could get an idea of the safety risks by trying to talk with people who worked or work there. They could wait for them nearby the workplace. In some cases, they could also just work there to understand the conditions, and then quit if they do not like them.
I agree greater transparency about the working conditions is good, but I worry governments or unions pushing for rules on this may impose more costs than benefits.
I am not informed about Kerala’s case study. I guess there are many cases that fit my narrative, and others that do not. However, in general, I am very confident that having a higher income increases the willingness to pay for health. The value of a statistical life tends to increase with income.