Which is why you see headlines like: "Skyscraper elevator plunges 84 floors — and everyone survives" https://www.cbc.ca/news/world/elevator-plunge-chicago-1.4913...
Which is why you see headlines like: "Skyscraper elevator plunges 84 floors — and everyone survives" https://www.cbc.ca/news/world/elevator-plunge-chicago-1.4913...
Note that it wasn't descending particularly quickly; one cable snapped but other safety systems were still operable.
What I never understood is how elevators can travel downwards so quickly without such a system engaging. Can they block it somehow or are they never accelerating fast enough down?
So, 500 feet of freefall is still substantial. That puts the situation on par with a bungee jump.
Apparently if that ever happens, your best bet is to lay flat on the floor with your hands covering your head, as the impact will launch you upward.