24/7 continuous monitoring systems can detect and alert workers of accidents before they happen, helping manufacturers save untold dollars.
During the 20th century, the number of fatal accidents and serious injuries significantly decreased in almost every profession. According to the Economic History Association (EHA), some of it was attributed to a decrease in dangerous jobs, as well as technological innovations that made everyday tasks less risky for employees.
Prior to the 20th century, workplace accidents were significantly more common, but relatively inexpensive from the employer’s standpoint since it was more difficult for an injured worker to sue a company for damages. For example, in 1900 the EHA reported that about half of all fatally injured workers received compensation averaging only around half of their yearly income.