yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Automated trucks: Blue-collar disaster or economic win? | Andrew Yang | Big Think


2m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

The big misconception about the impact of technology in the workforce is thinking that it's around the corner. Instead, it's been with us for years. If you look at the last 20 years or so, we've automated away 4 million manufacturing jobs in Michigan, Ohio, Pennsylvania, Wisconsin, Missouri, Iowa, all the swing states that Donald Trump needed to win in 2016 and did win.

Then my friends in Silicon Valley and my friends who work in technology know that what we did to the manufacturing workers we are now going to do to the retail workers, the call center workers, the fast food workers, the truck drivers, and then even bookkeepers, accountants, insurance agents, lawyers, and on and on through the economy. So what happened to the manufacturing worker is a very clear sign of what's going to happen to these other workers moving forward.

And I talked a little bit about retail workers, the most common occupation in the economy. Thirty percent of Main Street stores and malls are going to close in the next five years because Amazon is soaking up $20 billion of commerce every year. And many of these workers are making $11 to $12 an hour and don't have a huge savings cushion to be able to make meaningful adjustments.

Being a truck driver is the most common job in 29 states. There are 3 and 1/2 million truck drivers in this country, average age 49, 94% male, average education high school or one year of college. They're making about $46,000 a year right now. It's one of the higher paying blue-collar jobs in this country.

And on the west coast, you have my friends in Silicon Valley who are trying to automate truck driving. And the reason they're doing that is because of the money -- $168 billion in financial incentives for automating away truck drivers. And that's not just labor savings. That's also equipment utilization because a truck never needs to stop whereas human-driven trucks have to stop every 14 hours; fuel efficiency because trucks can convoy together in lower wind resistance, and so robot trucks would be able to get places with less fuel, fewer accidents because truck drivers right now kill about 4,000 other motorists a year in accidents and that number would come down if you had automated freight.

So there's a very, very powerful set of incentives to try and automate truck driving as an occupation. Again, though, you have these 3 and 1/2 million truckers, and only 13% of them are unionized. So there's not going to be a grand negotiation. So imagine being a trucker who's taken out a $50,000, $60,000 loan to lease your truck and it's your livelihood and your means of support, and then all of a sudden, you have to compete with a robot truck that doesn't need to sleep.

And that is what is around the corner for hundreds of thousands of truckers in this country in the next five to 10 years when robot trucks start to hit our highways. And Amazon is testing out robot trucks as we speak, right now in the Midwest...

More Articles

View All
The Market Revolution - part 1
So some historians have actually said that the Market Revolution is more revolutionary than the American Revolution. Actually, this is a very classic AP US History question: which was more revolutionary, the American Revolution or the Market Revolution? …
VMware Cofounder Diane Greene with Jessica Livingston at the Female Founders Conference
Let’s, I’m going to stay here. Oh, okay, right there. Come over. Alright, well, we’ll just get into this because I have a whole list of questions and how many we’ll get through. So I’m going to selfishly ask a question because I’m very interested. When yo…
Find Your Bliss in Patagonia | National Geographic
Every year, about 100,000 visitors head to a remote location known as the end of the world: it’s Torres del Paine National Park in Chile’s Patagonia region. Here, adventurers find bliss amongst the dramatic terrain that includes glaciers, fjords, and moun…
The Past and Future of YC Bio
Uh, all right, so now Serbia and I are going to talk a bit about the past and future of YC bio. We have a clicker. Cool, look at that! So, those of you who’ve had me as their group partner know that I like to cut to the chase and talk about the elephant i…
Fishing Tips: How to Handline | Wicked Tuna: Outer Banks
[Applause] [Music] [Applause] Hand lining is what we used to do years ago, 30 years ago, before Tyler was born, before all these guys were even on a boat fishing. We used to do handlines; now they do rod and rails. They just crank. It’s very important wh…
Assassination politics: Not inevitable
In my previous video, I described Jim Bell’s idea of assassination politics and said that I agreed with him that the emergence of such a system seemed inevitable. Thanks to the user, peace requires anarchy. I’ve since read an article by Bob Murphy, which …