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 future of creativity in biology | High school biology | Khan Academy
[Music] [Music] Hi everyone! Salcon here. I think we’re about to enter what will be considered the golden age of biology, where not only do we understand or are starting to understand the genetic basis of things, but we also have the power to control it. …
Ancient China | Early Civilizations | World History | Khan Academy
We are now going to go to the east and explore ancient China, and we’re going to do that in the second millennium BCE, where we see some of the first great dynasties of ancient China emerging. So if we go to roughly the 16th century BCE, so that would be …
How To Save $10,000 FAST
What’s up, guys? It’s Graham here. And let’s face it, we’re in trouble. It’s recently reported that African-American only saves five percent of their income. The median savings for those under 33 years old is just three thousand two hundred and forty doll…
Khanmigo Writing Coach
KH Academy is excited to share our latest tool for writing instruction: Kigo Writing Coach, designed by teachers to emphasize the writing process as much as the writing product. Writing Coach is an AI-enabled instructional tool with the purpose of produci…
Space Elevator – Science Fiction or the Future of Mankind?
It’s hard to get to space. As much as we all wish there were an easy and affordable way to see our planet floating in the dark, right now, the only way is to become an astronaut or a billionaire. But there is a concept that might make it possible - while …
Warren Buffett: How Most People Should Invest
[Music] So Warren Buffett, we know he is the world’s best investor, and he has built his fortune by analyzing individual businesses and buying them at discounted prices. His strategy can essentially be summarized by just waiting and waiting and waiting un…