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
Pompeii: New Studies Reveal Secrets From a Dead City | National Geographic
A there was in that moment, 79 AD was really, I can say, the place to be, but was really an important, important our little but important town. Inside the cast are the skeletons of these people. So these are just a human being of debt population living 2,…
Charlie Munger – The Man Who Built Berkshire Hathaway | A Documentary
[Music] America looked at capitalism as a failed experiment. This is the example of the time when capitalism broke. There was a terrible deflation, a shortage of money so little money that people made their own monopoly money, their own script. It was so …
The Battle for the Soul of Artificial Intelligence | Podcast | Overheard at National Geographic
[Music] I’m a sci-fi nut and one of my favorite books is The Caves of Steel by Isaac Asimov. It’s all about this hard-boiled grizzly detective who gets assigned a strange new partner, a robot. I’ve always wanted a robot partner, and now through the magic…
Why Do We Dream?
Hey, Vsauce. Michael here, and today we are going to talk about why we dream. What’s going on inside our brains? The scientific study of dreaming is called Anaya ology, and for most of history, it didn’t really exist. Because you can’t hold a dream, it’s…
Why Do We Get Bored?
Hey, Vsauce. Michael here. Action and danger is exciting, but this is a fake gun, and the process of enlarging a hole, like the barrel of a gun, is called boring. Boring. Boring a hole is a slow process requiring repetitive movements from a tool that goe…
Two Bites for the Pin Wheel | Wicked Tuna: Outer Banks
Yo yo, mother load, huh? Mother load! Oh yeah, the tun of God down here is the same tun of God I’ve been praying to up in Gloucester for years and years. I’m just hoping he shines a little light on me and starts putting some paychecks on my deck. We’re i…