“Enjoy life. There’s plenty of time to be dead.” – Hans Christian Andersen
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Another benefit of working remotely, preventing injury and death.
According to car-accidents.com,
“Car Crash Stats: There were nearly 6,420,000 auto accidents in the United States in 2005. The financial cost of these crashes is more than 230 Billion dollars. 2.9 million people were injured and 42,636 people killed. About 115 people die every day in vehicle crashes in the United States — one death every 13 minutes.”
For the purpose of illustration, I am going to make some assumptions to calculate a ballpark number for you of potential savings, from traffic accidents alone, through increased adoption of remote work.
- 40% of the workforce could work remotely if they choose to / are permitted to.
- 50% of all miles driven are work commute related.
- 2005 traffic accident statistics provide a good baseline.
OK, now let’s do the math. If 40% of the workforce worked remotely and all other assumptions are correct, the potential benefit of a fully adopted remote work policy in America to traffic accidents would be
Annual reduction in deaths = 8,527 (42,636*0.4*0.5)
Annual reduction in non-fatal injury = 580,000 (2,900,000*0.4*0.5)
Annual reduction in cost = $56 billion ($280 billion*0.4*0.5)
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