22 Feb 2019

Well-being Budget

From The Panel, 4:27 pm on 22 February 2019

It's literally the cost of living. A new model introduced here as part of the government's Well Being Budget includes the value of a "statistical life". It's $4.7m. It's monetizing aspects of life that haven't traditionally been viewed in this way before. Like how much being lonely will cost society and how making a new friend is worth $592.