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
People Don't See It - Anthony Hopkins On The Illusion Of Life
I had one moment when I decided to change my life. When I was a little boy, I dreamed of where I am now, and I remember saying to my father, “One day I’ll show you.” Certain moments in our life, we get little signals, little flashes. I may have had a visi…
Kevin O'Leary - Music, Style, Money - Harry Rosen
Hi, I’m Kevin O’Leary from Dragon’s Den and Shark Tank, and I’m wearing a crisp Tom Ford from Harry Rosen. Oh yeah, baby! Business is so disciplined and scientific; it’s black and white. Either you make money or you lose it. Music is chaos. You need both …
After the Avalanche: Life as an Adventure Photographer With PTSD (Part 3) | Nat Geo Live
I went back to Africa this time. Exploration had taken on a different modality here. We were gonna explore the upper headwaters of the Okavongo, the Cuito river catchment that flows out of the Angolan highlands. Steve Boyes, another NG explorer, took us t…
URGENT: Federal Reserve Freezes Rates, Stocks Decline, Housing Falls
What’s up, Graham? It’s guys here, and we’ve got some pretty serious news. After hitting some of the highest interest rates that we’ve seen since 2001, the Federal Reserve has officially made their decision today to pause the rate hike for the month of Se…
IF YOU Want To Make A MILLION DOLLARS - WATCH THIS!|Kevin O'Leary
First of all, you know, I guess I should apologize. I haven’t been back on the tube in weeks because I’ve been crazy busy shooting season 12 of Shark Tank in itself, which is an extraordinary feat. I gotta do a big shout out to the cast and crew on this b…
Setting Up Camp in a Tree | The Great Human Race
2.4 million years ago, before humans had weapons or fire, Homo habilis retreated into the safety of trees to escape predators at night. Sounds almost like a hyena. “We have like minutes left really. I think it’s high enough.” “I mean, are you stable tho…