11/19/2023 0 Comments Benchmark auto liabilityGiven the recent, historically explosive growth in science and engineering, some or even most of the applied engineering knowledge new engineers possess today is likely to be obsolete by the year 2045. When today's new 22-year-old engineers are age 74-perhaps retired, perhaps still practicing, but in either event still vitally interested in the profession of engineering-it will be the fifth decade of the twenty-first century, the decade of the 2040s. Now let us consider today's new engineer near career end, rather than at today's beginning. No doubt they would urge them to be creative, to dream, and to find practical ways to apply their knowledge. No doubt they would be urged to innovate, and indeed to "push the envelope," by seeking entirely new scientific knowledge. How might more experienced engineers advise these new graduates? Surely they would wish them well, since they are members of a limited, precious resource: the world's supply of trained professional engineers. Each new engineer will understand the laws of thermodynamics, for example, or Newton's laws of motion, and will attest that they operate in quite the same manner at any given point on the globe. Because of the globalization of engineering education, one can expect this engineer in Germany or Japan to have mastered the same fundamental engineering, scientific, and mathematical principles as the newly graduated engineer in the United States. Its contingent fees, blue-sky verdicts, punitive damages, and acceptance of highly suspect expert testimony remain unique to the United States.Ĭonsider today's newly graduated engineer. product liability system is not being replicated anywhere. It may be, as some contend, that our justice system is being replicated around the world, and well should many of its elements, such as the Bill of Rights. product liability system is unique 1 and, after 25 years, remains entirely unimitated by the legal system of even one other nation, 2 even though all nations have had more than 25 years to observe its operation and then adopt it for themselves. Approaches to Product Liability Risk in the U.S.
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