What is the Difference Between Lost Wages and Earning Capacity?
Posted on: March 31, 2019
If you sustained injuries that prevent you from working, you may be able to receive compensation by proving that your earning capacity was negatively impacted by the incident. In this case, the jury will typically determine the amount that a victim could have earned if the car accident had not occurred. But this begs a relevant question: what is the difference between lost wages and earning capacity?
Lost wages have to do with monies already demonstrably lost, such as any documented time off for medical procedures and the immediate loss of paychecks in the days, weeks, and months that followed an accident. However, the loss of earning capacity has more to do with projection, and the potential of any victim to be limited, as a result of the accident, in their ability to earn a paycheck in the future. Considering the severity of an accident, the loss of earning capacity may well be severely hampered, demanding a more serious compensation.
If someone you love has been the victim of a motor vehicle accident or a personal injury, please contact the law offices of Beers and Gordon P.A. for a free consultation. Our firm serves all of Seminole, Orange, Volusia, Lake, and Brevard counties, including Oviedo, Winter Springs, Altamonte Springs, Sanford, Longwood, Winter Park, Lake Mary, and Greater Orlando. Our attorneys have over 50 years of combined experience ready and willing to go the distance on your case. Call us right away at 407-862-1825.