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 7 BEST Tax Write-Offs when Investing in Real Estate!
What’s up you guys, it’s Crypto Brand here. Just a prank! Don’t unsubscribe, don’t dislike, don’t leave angry comments. Today, I want to talk about the seven best tax write-offs in real estate that you might not know about. So let’s start here at the very…
Drawing particulate models of reaction mixtures | Chemical reactions | AP Chemistry | Khan Academy
In a previous video, we used a particulate model like this to understand a reaction—not just understand the reaction, but to balance the chemical reaction as well. When I hand drew these particles, the atoms in this particulate model here, I tried to draw…
What if the World turned to Gold? - The Gold Apocalypse
Here in the KSK Zar Labs, we only work on the most important scientific problems, like what if we nuke stuff, or how about we make this elephant explode, or who could forget, look at this thing, it’s really big! Continuing this proud tradition, let’s expl…
Everything We Don't Know
This is green. This is red. And this is blue. But how can you tell that what you’re seeing as blue is the exact same thing as what I see as blue? We’ve named the colors to give us a way to communicate and reference them, but in reality, there’s no way of …
Reasoning with linear equations | Solving equations & inequalities | Algebra 1 | Khan Academy
In many other videos, we’ve taken equations like this and tried to quote solve for x. What we’re going to do in this video is deepen our understanding a little bit about what’s going on and really think about the notion of equivalence, or equivalent state…
Definite integrals of product of sines
So we’ve already established that these three definite integrals are going to be equal to zero over slightly different conditions. Let’s keep on going, and remember the goal here is to make it simple for us to find our 4A coefficients in a few videos from…