Folly = the state or quality of being foolish; lack of understanding or sense.
It’s worth restating: What is outrageous about the O’Farrell Government’s attack on injured workers entitlements is that they’ve failed to look at the facts. It is injured workers and the community who bear an overwhelming majority of the costs associated with workplace related injuries and illnesses. Injured workers much more so. Employers (and no doubt insurers), on the other hand continue to get an increasingly free-ride.
Foolish O’Farrell’s folly: Employers and insurers are the real ‘free-riders’
Cost of Work-related injury and disease: 2008-2009
- employers bear 5 per cent of the total cost – this includes loss of productivity from absent workers, recruitment and retraining costs and fines and penalties from breaches of work health and safety regulations,
- injured workers bear 74 per cent of the costs – costs include loss of current and future income and non-compensated medical expenses, and
- the community bears 21 per cent of the total cost – this includes social welfare payments, medical and health scheme costs and loss of potential output and revenue.