Patrick Collison(@patrickc ):Why are personal injury attorneys the marginal bidder for roadside billboards in so many parts of the US? Is the sector really so large? A priori, I would never have predicted this. Quick investigation: "Costs and compensation paid in the U.S. tort system reached over $529 billion in 2022, or over $4,200 per U.S. household." 2% of US GDP! Also appears to have compounded meaningfully faster than GDP over the past decade.

Patrick Collison

@patrickc

@Stripe CEO, @ArcInstitute cofounder.

Joined April 2007

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Patrick Collison@patrickc

2025.05.18 17:19

Why are personal injury attorneys the marginal bidder for roadside billboards in so many parts of the US? Is the sector really so large? A priori, I would never have predicted this. Quick investigation: "Costs and compensation paid in the U.S. tort system reached over $529 billion in 2022, or over $4,200 per U.S. household." 2% of US GDP! Also appears to have compounded meaningfully faster than GDP over the past decade.