Generally consumer's are the worst at valueing life - look at the poor take-up of smoke alarms and the number of people who smoke.Are the people making that tradeoff the engineers or the consumers.? What value do engineers put on a human life? OK hopefully they don't, but management apparently does.
The only people worse are politicians! Quick quiz, which killed twice as many people ?
The height of terrorism in Northern Ireland .vs. Traffic accidents in the same time.
Road deaths .vs. Hospital infections.
As an example a broken rail in the UK in 2000 killed 4 people - the first serious rail accident in 10 years. The public inquiry cost more than fitting smoke detectors to every house in the country. Repairs to rails in the rest of the country to meet new sandards cost over $1Bn and closing rail lines for months while the repairs were done led to an estimated 10% rise in road deaths!