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 Science of Thinking
For most of us, thinking is at least somewhat unpleasant. We try to avoid it, where possible. For example: I asked these guys how long does it take for the earth to go around the Sun. What do you reckon, cuz? Isn’t it 24 hours? Obviously a day, yes. O…
How To Use The Buy Borrow Die Strategy To Build Wealth And Pay ZERO Taxes
Hey guys, Toby Mathis here. And today we’re going to go over the buy borrow die strategy for building wealth and paying zero taxes. Also, we will do it as a how-to in three steps. It’s actually pretty straightforward. And then I’ll give you some examples …
Your Favorite Youtuber Will Soon Be Replaced By AI
How do you know that the voice you’re hearing right now is human? Most of you have no idea what I look like, so how can you tell I’m a real person? What if your favorite YouTuber is actually an AI? 2023 is shaping up to be the year of artificial intellig…
AIDS 101 | National Geographic
(Dramatic music) - [Narrator] About 37 million people around the world are currently living with AIDS, making the disease one of the worst pandemics in modern history. AIDS, or Acquired Immunodeficiency Syndrome, is a disease in which the human immune sys…
Buddhism | World History | Khan Academy
We’re now going to talk about one of the most significant figures in all of human history, and that is Sedara Gotha, who would later be known as Buddha, as the Awakened One or the Enlightened One. Now, before we get into his life, let’s think about the co…
Problems Only Smart People Can Solve
You know, there’s a time and place when only certain types of people can solve a particular problem. It’s when you call in the big guns, and today we’re taking a look at some of those problems. Welcome to Alux. First up, what and when to cut. Just like a…