are we willing to accept a third plane's worth of casualties over an already known systemic error, for a miniscule improvement to the growth rate?
0.6% of 2% of $19 trillion is $2.2 billion. Theoretically, if enough of that could be captured and used to directly reduce airfare on 737 MAX planes (and/or provide a fat guaranteed payout in the event of death) then I bet a lot of people would choose to fly--possibly even in the U.S., but certainly in many parts of the world where people already assume substantial risks when traveling.
It would be difficult to capture it, though, especially because Boeing would be better off shutting down production and waiting as the manufacturer duopoly means Boeing is likely to sell all or most of those planes eventually rather than lose out on a large number of sales entirely.
But if we were able to somehow force Boeing to factor in the real costs to employees of labor disruption (i.e. if Boeing was forced to be 100% unionized now and for the indefinite future) then I imagine Boeing might choose to keep a minimal production line going and sell at discounted prices, in turn permitting some regional airlines to sell cheaper tickets. Actually, more likely Boeing would be better off paying their labor to sit around (and their employees richer for it) by giving labor a greater share of the future expected surplus from duopoly pricing. Or maybe some combination of the above.
I have no idea how to even attempt to pencil that out, though. My point is merely that it could work, depending on the numbers; not that it necessarily would work. In other words, your question can be answered quantitatively, whereas I assume you intended it rhetorically with an implied, categorical, "no".
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0.6% of 2% of $19 trillion is $2.2 billion. Theoretically, if enough of that could be captured and used to directly reduce airfare on 737 MAX planes (and/or provide a fat guaranteed payout in the event of death) then I bet a lot of people would choose to fly--possibly even in the U.S., but certainly in many parts of the world where people already assume substantial risks when traveling.
It would be difficult to capture it, though, especially because Boeing would be better off shutting down production and waiting as the manufacturer duopoly means Boeing is likely to sell all or most of those planes eventually rather than lose out on a large number of sales entirely.
But if we were able to somehow force Boeing to factor in the real costs to employees of labor disruption (i.e. if Boeing was forced to be 100% unionized now and for the indefinite future) then I imagine Boeing might choose to keep a minimal production line going and sell at discounted prices, in turn permitting some regional airlines to sell cheaper tickets. Actually, more likely Boeing would be better off paying their labor to sit around (and their employees richer for it) by giving labor a greater share of the future expected surplus from duopoly pricing. Or maybe some combination of the above.
I have no idea how to even attempt to pencil that out, though. My point is merely that it could work, depending on the numbers; not that it necessarily would work. In other words, your question can be answered quantitatively, whereas I assume you intended it rhetorically with an implied, categorical, "no".