COVID-19: How Much is a Life Worth?

Watching news reports about the economic devastation, my wife said the unsayable: “This isn’t worth it.”

The economic disaster is not from people falling ill, but the aversive measures. They’re hurting huge numbers very badly. Is this worth it? Would it entail less suffering to just let COVID-19 run its course? Many millions would get sick, but for the vast majority it would be minor. Only a fairly small percentage would die. Common flu annually sickens tens of millions and kills tens of thousands.

Dr. Fauci (a real hero) was asked why we’re taking extreme measures for COVID-19, but not for common flu. He didn’t have much of an answer — basically that common flu is, well, common, and COVID-19 is not. It’s also called “novel coronavirus.” Novelty grabs attention that the familiar doesn’t.

Suppose, if unchecked, COVID-19 would kill a million Americans, even several million. Fighting it costs many trillions. Governments will lose tax revenues and spend several trillion on bailouts and economic aid. Individuals, collectively, will lose even more in reduced incomes; personal wealth is already shredded. A trillion is a million million. So the fight is costing us quite a few million for every life saved.

How much is a life worth? That might sound like a crass question, or an unanswerable one. But in reality we answer it all the time, in many contexts. For example, when juries decide what dollar damages to award in “wrongful death” lawsuits. More pertinent here, public policy is forced to answer it when weighing the costs of any health and safety measures against the benefits.

Take pollutants. We might be able to remove 99% of a pollutant at a cost that’s pretty reasonable for every resulting life saved. But to get the last 1% out might cost a lot more — too much in relation to the few additional lives that would save. We recognize that lives have value, but not infinite value.

That’s not callous but rational simply because resources are not infinite either. The money spent to eradicate that last 1% of a pollutant would mean less money for other things — which could save more lives. Imperfect humans don’t always make these choices with perfect rationality, but we intuitively grasp the point and act accordingly in at least a general way.*

Economists can analyze all these instances in which, explicitly or implicitly, we put a value on a human life, and calculate a number. It’s been done. The answer seems to be somewhere in the range of a million or two.

But are some lives worth more than others? One could note that most COVID-19 deaths are elderly and frail, not long for this world anyway, so the loss is arguably much less than for a youngster with many years ahead. Wrongful death cases often entail estimating what the deceased might have gone on to earn. This was taken into account by the 9/11 compensation fund.

But for all the logic of trying to put a number on a life’s value, such an earnings-based approach seems faulty. That views lives as economic assets for others. Whereas the value of people’s lives is primarily to themselves.
A homeless person’s life is not worth less to them than a billionaire’s. And don’t be quick to say the latter derives more enjoyment from living. Many homeless people are happier than many billionaires.

What I’ve written here is shaped by my humanist philosophy. Which tells us to apply reason to human problems. And that human life (as Vince Lombardi said of winning) “is not the most important thing, it’s the only thing.”

Those two precepts might seem to clash in a dilemma like COVID-19. That’s far from unique in human affairs. The value of human life — of any single human life — is ultimately an ineffable thing. But respect for it is the cornerstone of humanism. That is why we are doing what we are doing to contain COVID-19. We cannot do otherwise, even if the cost seems disproportionate.

With common flu (and all other normal threats to life), we’re set up to provide medical care to those who need it; recognizing that some will die even with everything done for them. We’re not similarly equipped to deal with a spike of COVID-19 victims in the millions. Hospitals and medical personnel would be overwhelmed, unable to cope. Great numbers of people would die simply for lack of care. A horrific scenario that would sear all our souls. To avoid that is why we’re trying to “flatten the curve,” so everyone will at least get proper medical help. We may yet actually fail.

This is about who we are as a society, as human beings. We cannot let ourselves say that the lives of some people — frail aged people — are of lesser value, and we can just kiss them off. That would put us on a road whose destination we know all too well.

* Economist Robert Frank has said there’s actually an optimal amount of dirt in your house. Up to a point, cleaning is worth it, but the effort to banish the last speck of dirt is not.