To maybe put it into examples:
World stopping: Traffic collision avoidance system (TCAS) has a bug that lets planes crash into each other.
Don't care: Not enough vegetarian meals made it onto the plane because of a bug in the meal reservation software.
In between: Thousands upon thousands of people get stranded in some airport for 3 days because of a bug in the route planning software.
This was an example within the airline industry but I'd say there are many more examples of where enough people depend on something for things that do objectively matter enough to warrant "good enough" software and software development practices that don't result in large-ish outages that then need to be fixed. Inconveniences I'll take because we all aren't perfect, even with testing.