How is it decided in Florida what a person’s future earnings would have been?
In the state of Florida, it can be somewhat difficult to decide what a person’s future earnings might have been or could have been. However, this is why we hire experienced economists to look at the history of this person that was injured. We look at the history of them based on their education, based on their work experience. What would they have earned moving forward? Obviously, if someone is highly educated, or highly trained, or had a good paying job, they will likely recover additional lost earning capacity moving forward, a higher amount of lost earning capacity, as opposed to someone who has less work experience.
Basically that economist, hiring that expert, getting them involved early on in the process to look at whether it’s tax returns, wage information, employment history or education, help make that determination about their future lost earning capacity.