What's the effect of a disabling injury on earnings? | Indiana Lawyer Shares Insight
- 5 months ago
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Hi, I'm Indiana personal injury attorney David Holub. In this video, we address the impact that a disability injury can have on earnings capacity. People suffering from a disabling injury have a difficult time with the labor market. First, they overall lack labor market participation because there are fewer jobs available to meet their medical restrictions. And those jobs that do meet their medical restrictions typically are lower paying jobs, so there's a lower earning capacity. Let me give you an example. Suppose there's a full-time assemblyline worker making $50/hour. Along with that $50/hour comes pension benefits, insurance benefits, and even paid vacation. So now because of an injury, the individual can only work as a clerical worker because the doctor said they must only do sedentary work, and so now they are working as a convenience store clerk making $12/hour. And at that convenience store, they have less pay, no health insurance benefits, no pension benefits, no paid vacation. And also because of the injury let's say they are forced to retire early. Let's say doctor says that based on your injury, you should retire at age 60 and not try to tough it out til age 70, so their social security benefits are going to be less because they are earning less over the lifetime and they are having to retire early. When you retire early, you get a lower benefit. Also, let's add in that the individual has no college degree. Statistically, there are fewer sedentary jobs for people who don't have a college degree. So over a person's lifetime, their earning capacity can be extremely damaged based on a disabling injury. I know it's tough to calculate, but the type of factors we've discussed would go into that calculation and as attorneys it is our job to help a jury understand what has been lost by our client. We make these sales pitches to juries all the time.
To learn more about the Law Offices Of David W Holub visit https://davidholublaw.com today.
To read David Holub's book "Fighting For Truth: A Trial Lawyer's Insight Into What It Takes To Win" visit https://www.amazon.com/gp/product/1732468206/
Listen to the Personal Injury Primer podcast today - https://personalinjuryprimer.com
Hi, I'm Indiana personal injury attorney David Holub. In this video, we address the impact that a disability injury can have on earnings capacity. People suffering from a disabling injury have a difficult time with the labor market. First, they overall lack labor market participation because there are fewer jobs available to meet their medical restrictions. And those jobs that do meet their medical restrictions typically are lower paying jobs, so there's a lower earning capacity. Let me give you an example. Suppose there's a full-time assemblyline worker making $50/hour. Along with that $50/hour comes pension benefits, insurance benefits, and even paid vacation. So now because of an injury, the individual can only work as a clerical worker because the doctor said they must only do sedentary work, and so now they are working as a convenience store clerk making $12/hour. And at that convenience store, they have less pay, no health insurance benefits, no pension benefits, no paid vacation. And also because of the injury let's say they are forced to retire early. Let's say doctor says that based on your injury, you should retire at age 60 and not try to tough it out til age 70, so their social security benefits are going to be less because they are earning less over the lifetime and they are having to retire early. When you retire early, you get a lower benefit. Also, let's add in that the individual has no college degree. Statistically, there are fewer sedentary jobs for people who don't have a college degree. So over a person's lifetime, their earning capacity can be extremely damaged based on a disabling injury. I know it's tough to calculate, but the type of factors we've discussed would go into that calculation and as attorneys it is our job to help a jury understand what has been lost by our client. We make these sales pitches to juries all the time.
To learn more about the Law Offices Of David W Holub visit https://davidholublaw.com today.
To read David Holub's book "Fighting For Truth: A Trial Lawyer's Insight Into What It Takes To Win" visit https://www.amazon.com/gp/product/1732468206/
Listen to the Personal Injury Primer podcast today - https://personalinjuryprimer.com